Robinhood Goes All Out to Stop Bleeding

Published by
The Street

By Luc Olinga The brokerage of Gen Z and millennials has been in dire straits for several months now. The past few months have looked like an endless ordeal for Robinhood (HOOD) – Get Robinhood Markets, Inc. Class A Report shareholders. Shares of the brokerage app that wanted to democratize finance are in free fall. Robinhood stock made its IPO at $38 last July. On December 31 the shares were trading at $17.75. The descent into hell has continued since the beginning of 2022. The shares were trading on May 6 at $10.12. In less than a year, Robinhood stock has lost 73.4% of its value. The compan…

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