Shares of Robinhood Markets sank toward an eight-month low Thursday, to extend losses suffered after a disappointing earnings report and from the continued selloff in bitcoin.
Cryptocurrency trading is still a relatively small part of the trading app’s business. But given heightened investor anxiety surrounding bitcoin
BTCUSD as prices sank to 16-month lows, investors have been punishing companies with any crypto connection.
Robinhood’s stock is now trading almost exactly like bitcoin — but it really shouldn’t be
Published:
Shares of Robinhood Markets sank toward an eight-month low Thursday, to extend losses suffered after a disappointing earnings report and from the continued selloff in bitcoin.
Cryptocurrency trading is still a relatively small part of the trading app’s business. But given heightened investor anxiety surrounding bitcoin
BTCUSD as prices sank to 16-month lows, investors have been punishing companies with any crypto connection.
Share this:
Related