EconomyRobinhood posts record $1.4 billion revenue, while profit falls 14% amid hidden portfolio losses
Robinhood reported record third-quarter revenue of $1.4 billion, but profit fell 14%, exposing hidden portfolio losses. Prediction markets generated $173 million, surpassing crypto’s $120 million and raising the stakes in an ongoing state-federal regulatory fight.
Robinhood posts record $1.4 billion revenue, while profit falls 14% amid hidden portfolio losses
Economy