Robinhood's big year is ending in disappointment [CNN]
GameStop Corporation (GME)
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Source: CNN
Robinhood's big year is ending in disappointment A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. But after a blockbuster start to the year, when traders coordinating on social media sparked a wild rally in meme stocks like GameStop ( GME ) and AMC Entertainment ( AMC ) , activity has settled down. What's happening: Robinhood, the commission-free trading app that helped facilitate the boom, reported disappointing revenue after markets closed on Tuesday. Shares are down 9% in premarket trading. The company, which went public earlier this year , said that it hauled in $365 million during the third quarter. That's sharply lower than the $565 million in revenue reported during the second quarter. Monthly active users also fell 11% quarter-over-quarter. Driving the decline was a drop-off in cryptocurrency trading. Reve
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GME
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- 3/26/24 - Miss
GME
Sec Filings
- 4/19/24 - Form 144
- 4/10/24 - Form 4
- 4/9/24 - Form 4
- GME's page on the SEC website