Robinhood stock is crashing. HOOD hits all-time low
The stock is down over 11% in pre-market trading after posting disappointing Q1 2022 results.
It’s been a rough 24 hours for Robinhood. The trading company posted its Q1 2022 results yesterday–and things were not good. As The Wall Street Journal reports, Robinhood had its fifth consecutive quarterly drop. Revenue declines 43% to $299 million for a total loss for the quarter of $392 million.