Robinhood Shares Plunge as Insider Selling Adds to Market Woes

The spectacular rally in Robinhood Markets has given way to a severe downturn, with the trading platform’s stock experiencing a dramatic reversal. November proved particularly brutal for shareholders, as the equity plummeted 27% during the month, including a steep 13.3% decline within a single week. Compounding investor anxiety is the timing of a major stock sale by co-founder Baiju Bhatt, who cashed out millions as the share price deteriorated.

The current weakness originates from the core of Robinhood’s revenue generation: speculative trading. The platform’s financial health is intrinsically linked to retail investor activity in cryptocurrencies and artificial intelligence stocks, both of which are now facing significant pressure. This week, Read more...