Robinhood sees $423 million net loss in Q4 2021
<img width="562" height="338" src="https://www.leaprate.com/wp-content/uploads/2020/12/Robinhood-02.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Robinhood" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2020/12/Robinhood-02.jpg 880w, https://www.leaprate.com/wp-content/uploads/2020/12/Robinhood-02-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2020/12/Robinhood-02-730×438.jpg 730w, https://www.leaprate.com/wp-content/uploads/2020/12/Robinhood-02-230×138.jpg 230w, https://www.leaprate.com/wp-content/uploads/2020/12/Robinhood-02-380×228.jpg 380w, https://www.leaprate.com/wp-content/uploads/2020/12/Robinhood-02-88×53.jpg 88w, https://www.leaprate.com/wp-content/uploads/2020/12/Robinhood-02-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2020/12/Robinhood-02-500×301.jpg 500w" sizes="(max-width: 562px) 100vw, 562px" /><p>Vlad Tenev, the CEO and Co-Founder of Robinhood Markets, commented:</p>
<div><img aria-describedby="caption-attachment-437218" class=" wp-image-437218" src="https://www.leaprate.com/wp-content/uploads/2021/01/Vlad-Tenev.jpg" alt="Vlad Tenev, Robinhood" width="118" height="118" srcset="https://www.leaprate.com/wp-content/uploads/2021/01/Vlad-Tenev.jpg 400w, https://www.leaprate.com/wp-content/uploads/2021/01/Vlad-Tenev-150×150.jpg 150w, https://www.leaprate.com/wp-content/uploads/2021/01/Vlad-Tenev-245×245.jpg 245w" sizes="(max-width: 118px) 100vw, 118px" /><p>Vlad Tenev<br />Source: LinkedIn</p></div>
<blockquote><p>We had a momentous year, nearly doubling the number of customers on the platform and making critical investments in our team and infrastructure to support growth. This year, we’ll expand our ecosystem of products that make Robinhood the best place to start investing and build wealth for the long term.”</p></blockquote>
<p>Following these announcements, the shares of Robinhood Markets tanked 15% in after-hours trading on Thursday.</p>
<h2>2021 highlights</h2>
<p>Last year saw an increased demand for crypto products which had <a target="_blank" href="https://www.leaprate.com/tag/robinhood/" rel="noopener">Robinhood</a> boost its product offering. The company introduced new <a target="_blank" href="https://www.leaprate.com/cryptocurrency/robinhood-crypto-wallets-beta-program-goes-live/" rel="noopener">crypto wallets</a> program last week. Additionally, also <a target="_blank" href="https://www.leaprate.com/forex/executives/steve-quirk-joins-robinhood-markets-as-chief-brokerage-officer/" rel="noopener">made strong executive additions</a> last year.</p>
<p>The company stated:</p>
<blockquote><p>Robinhood has continued to improve the product experience, adding contextual in-app education, rolling out Crypto Gifts and recurring investments, opening up access to IPOs, and giving customers a voice with the companies they invest in through the acquisition of Say Technologies and the integration of its Q&A platform into the Robinhood app.</p></blockquote>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/brokers/robinhood-sees-423-million-net-loss-in-q4-2021/">Robinhood sees $423 million net loss in Q4 2021</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>
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