ANNOUNCEMENT! We're excited to share that The Block Pro, a portfolio of research, news and data products in one easy-to-use platform, launches later this month. Reach out to your account manager for more information about products and subscription options.
Vlad Tenev, Robinhood Co-founder & CEO, affirms no desire to sell the business
Announced ~23% headcount reduction amidst declining share price and fundamental operations
SEC investigation into Robinhood’s short-selling and compliance with regulations
Closed Wednesday, August 3, 2022, at $10.31 / share, a +11.7% 1-day movement, but traded down (2.61%) to $10.06 in after-hours trading
Reported $318mm Q2’22 Net Revenue, ($295mm) Net Loss, ($271mm) EBITDA and ($0.34) EPs
Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research.
Footnotes
Join The Block Research for exclusive research like this
Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.