Robinhood shares fall as crypto trading weakens
Robinhood Markets shares dropped about 4% in extended trading after the brokerage reported stronger-than-expected quarterly earnings, as investors focused on falling cryptocurrency revenue and higher operating costs. The trading platform generated $100 million from cryptocurrency transactions during the second quarter, down 38% from a year earlier. The decline was offset by sharp gains in options, equities and prediction markets, helping total net revenue rise 32% to a […]