Robinhood Shares Decline: Falling Users Eclipse First Net Profit In Q2 2023

Robinhood Markets Inc. (NASDAQ: HOOD) posted better-than-expected second-quarter earnings on Wednesday, surprising analysts despite a drop in transaction sales and monthly active users. The stock-trading app’s management also revealed plans to cut expenses for the year ahead, which provided a boost to investor confidence. While the company reported a net income of $25 million, or … Continue reading Robinhood Shares Decline: Falling Users Eclipse First Net Profit In Q2 2023