Robinhood Now Has 13 Separate Business Lines Above $100 Million in Annualized Revenue. Here's Why Crypto No Longer Decides the Quarter.
The company is expanding to capture its share of a $84 trillion opportunity in the next 20 years.
Overview
Robinhood Markets (NASDAQ: HOOD) stock has fallen about 12% over the past year, even as the company continues to grow revenue and earnings at high rates.
The second-quarter earnings results revealed one important signal for investors: Robinhood is moving away from its dependency on crypto-based trading toward a more diversified financial services platform. The implications could be significant for patient shareholders.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.