ETH -1.30% · cmcmarkets.com · 2h
Robinhood is expected to report third-quarter revenues of $431m, down from $565m in the second quarter. Its share price will continue to drop. 62% of its revenue comes from the 9th rank crypto, which the volume has fallen 80% in the third quarter.
The Robinhood share price has been on a downward trend since its IPO. Can third-quarter earnings see it bounce back to its intraday peak of $85?