Future Tech

Robinhood revenue drops marginally on crypto weakness

Tan KW
Publish date: Thu, 03 Nov 2022, 08:33 AM
Tan KW
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Future Tech

Robinhood Inc posted a small drop in third-quarter revenue on Wednesday as the online brokerage, which was at the center of last year's meme stock trading frenzy, took a hit from a fall in crypto trading volumes.

The Menlo Park, California-based company reported a 1% fall in total net revenue at $361 million.

 


  - Reuters

 

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