Heard on the Street: Over the course of a wild year, Robinhood’s business stabilized by some key measures, but that might not translate into its stock price
Robinhood Markets ’ business is seeing some stability. Whether markets believe it is another matter.
The meme-stock driven events of a year ago were wild, to say the least, for Robinhood, and for markets in general. Since then, though, by some measures, things have been relatively steady for the upstart online brokerage: Robinhood has now in equities and options trading for three quarters in a row: about $50 million in equity transaction-based revenue and more than $160 million for options.
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