Robinhood Shares Slide Despite Record Platform Performance

Investors are grappling with a puzzling disconnect in Robinhood Markets. The trading platform disclosed historic operational metrics for October, showcasing explosive growth across all key segments. Paradoxically, its stock price tumbled nearly 10 percent. This negative market reaction appears to be a direct response to the announcement of a new cash-delivery service, leaving market participants questioning why a company posting its strongest figures is being penalized.

The sharp decline of up to 9.3% occurred on Thursday, triggered by Robinhood’s revealed partnership with the delivery service Gopuff. This new feature permits the platform’s Gold members in select cities to have cash from their accounts delivered to their doors for a fee. Market sentiment Read more...