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.
- Crypto meltdown opens window to institutional investors, say experts
- Amidst crypto dints, SEC’s guidelines clears way for Bitcoin, NFTs in Nigeria
- Auto CEOs, NADDC, Customs, FIRS, NDLEA meets on protracted industry issues
- Aluminium tumbles 4-month low amid demand worries
- Airtel Africa’s revenue up 20.6% to $4.7bn on growth in segments