ROBINHOOD #HOOD: We expect our revenue for the three months ending September 30, 2021, to be lower, as compared to the three months ended June 30, 2021, as a result of decreased levels of trading activity relative to the record highs in trading activity, particularly in cryptocurrencies, during the three months ended June 30, 2021, and expected seasonality. (CNBC)

We experienced strong growth in new customers during the first six months of 2021,” the filing said. “We do not know whether, over the long term, cohorts comprised of these new customers will have the same characteristics as our prior cohorts. To the extent these new customers do not grow their cumulative net deposits or trading frequency on our platform to the same extent as new customers that joined in prior periods, our ability to expand and grow our relationship with these customers will be impacted.”

SOURCE https://www.cnbc.com/2021/07/19/robinhood-warns-retail-trading-is-slowing-down-especially-in-cryptocurrencies.html

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