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Robinhood Stock Is Soaring, but I'm Worried About This 1 Thing
HOODRobinhood(HOOD) The Motley Fool·2024-02-17 10:44

Life as a public company has been a rollercoaster for Robinhood Markets (HOOD 4.32%). It listed on the Nasdaq exchange in mid-2021 at $38 per share, and it quickly soared to an all-time high of $85 as young, first-time investors rushed to its brokerage platform at the height of the pandemic.Robinhood was unable to maintain that momentum, however, and its stock has since plunged 84% from its peak. The company has consistently lost active users over the last two years, and it has struggled to deliver revenue ...