Robinhood’s Stock Is Now Worth Less Than Its Cash on Hand

Motley Fool

Are Investors Valuing Robinhood’s Business Near $0?

In a remarkable fall from grace, the stock of Robinhood Markets (NASDAQ: HOOD) has collapsed 91% from its all-time high of $85 a share, which was set not long after it listed on the public markets in 2021. The company was flying high thanks to Generation Z investors, who were mostly accessing the financial markets for the very first time, and used Robinhood as their stock trading platform of choice. Robinhood earns most of its revenue from transaction fees on stock trades (especially options trading).

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