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Robinhood Revenue Falls on a Drop in Crypto Trading

Robinhood's revenue fell in the third quarter from the previous one, weighed down by a sharp decline in customers’ cryptocurrency trading

10/27/2021 8:30:00 AM

Robinhood's revenue fell in the third quarter from the previous one, weighed down by a sharp decline in customers’ cryptocurrency trading

Fees tied to stock and options trades ticked down slightly at the popular app, while revenue tied to cryptocurrency trading tumbled 78% to $51 million.

The GameStop frenzy put the spotlight on a growing group of investors who seek and share trading information on social media platforms like YouTube and TikTok. Three investors explain how these online communities are helping them chase the market. Photo illustration: Adam Falk/The Wall Street Journal

'This is a crisis now.' Biden official pleads with Congress to immediately address computer chip shortage A year on this exoplanet only lasts about 8 hours Amy Schneider is first trans contestant to qualify for 'Jeopardy!' Tournament of Champions Read more: The Wall Street Journal »

6 Things You Need to Know About NASA's LCRD

NASA’s Laser Communications Relay Demonstration (LCRD) is launching this fall on a U.S. Space Force spacecraft. Once in orbit, LCRD will use laser communications systems to transmit data from space to Earth. Below are six things you need to know about the LCRD mission.

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stoolpresidente did you and Vlad ever make everything copacetic. This story perfectly explains why SHIB is exploding to the upside right now. It basically guarantees that SHIB will soon be listed on Robinhood. Now, it's really just a matter of time - and absolutley everyone knows it. Expect it sooner rather than later.

They should also work harder on that wallet… priorities people They should have F with SHIBARMY and made some money… RobinhoodApp is too slow adding trending cryptos like $shib . No wonder trading is down when shibarmy has been asking to add $shib for months horrible It would be a shame if shiba were listed

Telfar’s Outerwear Collection With Moose Knuckles Is an Ode to Winter in NYCTracking the latest fashion drops and designer collaborations for fall and winter.

Corning net income drops 13%, shares fallCorning Inc. undefined on Tuesday reported a 13% drop in net income to $371 million, or 43 cents a share, from $427 million, or 48 cents a share, in the...

Facebook shares rise as investors focus on earnings beat and look past whistleblower document dumpFacebook shares rose in extended trading on Monday after the company reported better-than-expected third-quarter earnings while revenue missed estimates. Buyback stocks to save company stock , Facebook can not stop the end , just Delay Thats qas fuking halarious that mark says oh no qe dont like misinformation but do nothing to stop it, oh yes we belive in safty over profits but dont look over here at our 9 billion profit margin

Facebook shares rise as investors focus on earnings beat and buyback over revenue miss and outlookFacebook CEO Mark Zuckerberg has responded to recently leaked documents & reports about the company: 'My view is that what we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company.' ZuCk KiLLs GOATs 'iNJuStiCe aNYwHeRe iSa tHReAt tO JuStiCe eVeRYwHeRe' MLKJ READ & Take Action; Terminate Obstruction oF Justice REAL Revolution RussellRope 🐐📰💣 donie Okay Mark, we trust you. Not. DeleteFacebook donie Facebook mission statement: We harvest as much user data as possible regardless of the contents being shared. Our algorithms push more sharing of contents to all users. We don’t pull down false content per First Amend. We then sell the data to ad brokers to generate revenues.

Wet's Kelly Zutrau On Knowing When -- and How -- To Leave a Major Label DealThe Brooklyn-based trio Wet left Columbia and dropped its third album, 'Letter Blue', independently -- which frontwoman Kelly Zutrau describes as a “trade-off.”

Stocks making the biggest moves after hours: Robinhood, Microsoft, AMD & moreCheck out the companies making headlines in after hours trading. $MSFT had an amazing quarter, along with $GOOG $GOOGL and $V.