Robinhood doubles its revenue as customers flock to Prediction Markets, other new businesses



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The stock market had a strong third quarter, with the S&P 500 pushing to fresh all-time highs and posting several months of gains in a row. Meme-stocks were also back on the menu, with companies like Opendoor Technologies Inc. seeing huge gains.

All this was enough to kick off a trading frenzy among individual investors, and retail brokerage Robinhood Markets Inc.

HOOD benefited as a result.


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