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Robinhood share price down 70% from August high
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As Robinhood struggles with its declining share price, could ramping up its cryptocurrency offerings help boost the company’s outlook?
Robinhood is a financial services company that also acts as a retail trading platform for ordinary users. It's known for meme stocks and currently offers seven cryptocurrencies for trading.
Since Aug. 4, Robinhood (HOOD) has fallen nearly 70% from its ATH of $70.39 to $25.94, and it’s been below the $38 IPO price for weeks. Several factors are contributing to the
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