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&#8217;ll expand our ecosystem of products that make Robinhood the best place to start investing and build wealth for the long term.&#8221;</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&amp;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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