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young prince
#RobinhoodQ3 revenue growth, net profit decline Folks, Robinhood's earnings report is quite interesting, a typical case of "when one door closes, another opens," but looking deeper, it's all the retail investors' blood and tears.
First, looking at the big numbers, revenue hit a new high at $1.424 billion, but net profit dropped 14%, missing expectations. Where's the problem? Look at crypto trading revenue, which plummeted 55% year-over-year, down to only $120 million.
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