Robinhood shares fall after company posts decline in revenue

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Robinhood Markets Inc, the brokerage at the center of last year's retail trading frenzy, posted a 43 per cent fall in first-quarter revenue on Thursday as transaction volumes declined across asset classes. Shares of Menlo Park, California-based Robinhood were down more than 9 per cent at $9.19 in extended

Robinhood Markets Inc, the brokerage at the center of last year's retail trading frenzy, posted a 43 per cent fall in first-quarter revenue on Thursday as transaction volumes declined across asset classes.

Trading volumes have tempered from last year's frenetic pace when retail investors used its platform to pump money into shares of so-called meme stocks including GameStop and AMC Entertainment. The slowdown comes as the COVID-19 pandemic-era trend of retail trading takes a dive in the backdrop of rising vaccination rates that have allowed economies to reopen and restrictions on leisure activities to be withdrawn.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 6. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости