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Robinhood Reports Record $1.4 Billion Revenue Alongside 14% Profit Decline
(4 hours ago) · 1 source · Summarized by CryptoBipto
Robinhood reported record quarterly revenue of $1.4 billion but saw its profits drop by 14% compared to the prior period. The profit decline has been attributed to unrealized losses within the company's investment portfolio.
WHY IT MATTERS
Robinhood is one of the most widely used apps for everyday people to buy and sell stocks and cryptocurrencies.
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SOURCES
- cryptoslate.com
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