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Robinhood’s Crypto Cash Cow Stumbles—Q1 Revenue Tanks After Late 2024 Frenzy
Robinhood’s Crypto Cash Cow Stumbles—Q1 Revenue Tanks After Late 2024 Frenzy
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JPMorgan reports Robinhood’s crypto revenue is set for a Q1 nosedive following its late 2024 peak. The retail trading darling rode the meme-stock wave straight into digital assets—now it’s learning what goes up must come down.
Wall Street analysts shrug: ’When your business model relies on volatility, don’t be shocked by volatility.’ Meanwhile, Robinhood’s ’democratizing finance’ mantra looks increasingly like ’monetizing FOMO.’
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