Robinhood (NASDAQ: HOOD) released its FY22 Q1 earnings on Thursday after the market closed. The trading platform posted a revenue of $299 million, down 43% from a year earlier and an EPS loss of -$0.45.
Robinhood has consistently underperformed ever since it illegally restricted investors from buying the stock during the height of GameStop (NYSE:GME) frenzy. Shares opened at $35 when the company became public in July 2021 and reached a peak of $85 before crashing down. The stock closed at $10.09 on Thursday. The company’s performance is so unsustainable that if ‘Payment for Order Flow’ is restricted or banned, it’s game over.
Shares of Robinhood were down 8.5% during after hours trading following the announcement.
h/t Narrow_Feeling9985
Trending:
- Deutsche Bank Is On The Brink Of Collapse: Get Prepared For The Next Lehman Brothers Moment
- Every Christian In America Is A Target Now
- Alleged Leaked Text Messages from the Nashville Trans Shooter of Children Shortly Before the Shooting Took Place – Breaking911 Confirms
- These governments are absolutely clueless …
- 4.7 TRILLION IN NEW TAXES
- “Conservative” Acceptance of Homosexuality is Absolutely Sickening
- Elon: “That’s what people who have the woke mind virus look like to me”
- Congress is preparing a bipartisan PATRIOT Act sequel to completely destroy the Internet as we know it
- Next Domino – Bank of Spain
- Guess Who Is Now Warning That “Commercial Real Estate Is In Trouble”?
Views: 50