Robinhood issues Q3 revenue warning on crypto price drop, low memecoins demand

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July 21, 2021819 views0 comments
Robinhood added the warning in its amendment to the Form S-1 that it filed with the US SEC on Monday, where it noted that trading activity was particularly high at the start of the year, but that activity on the exchange dropped significantly as the company nears the end of the second trading quarter for the year. As a result, Robinhood says it expects its revenue in Q3 2021 to be even lower due to the decrease in trading activity that is still holding on.
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