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Robinhood sales drop 43% as users leave
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Robinhood’s revenue fell to $299m in the first quarter, a decline of 43% from the same period last year and the company’s fifth consecutive quarterly drop.
The company narrowed its loss to $392m from a $1.4bn loss in the same period last year. Its stock fell 10% in aftermarket trading on 28 April.
Robinhood has spent heavily to expand its...
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