NasdaqGS:HOODCapital Markets
Robinhood (HOOD) Is Down 7.6% After CFO Transition and New Product Launch – Has Strategy Shifted?
Robinhood Markets recently reported record third-quarter results, announced the planned retirement of CFO Jason Warnick, and named longtime finance executive Shiv Verma as his successor, while also launching new mortgage offerings for Robinhood Gold subscribers through a partnership with Sage Home Loans.
Although revenue, net income, and customer asset deposits achieved new highs, investors expressed concern over rising operating expenses, missed expectations in crypto revenues, and...