Robinhood stock rebounds with bitcoin back on the front page — here’s what HOOD traders are watching
Robinhood shares rose 7.7% to $76.58 Friday morning after two days of steep losses, tracking gains in bitcoin and Coinbase. The rebound followed a 17% slide after Robinhood’s quarterly revenue missed estimates. Crypto accounted for about 17% of Robinhood’s Q4 revenue. Robinhood’s testnet for its planned blockchain went live Feb. 11, with $1 million committed to Arbitrum’s developer program.