Robinhood Learns to Nab Interest Income


Robinhood Markets Inc. hasn’t stolen again its momentum, however it is likely to be getting there.

Some notable issues occurred in Robinhood’s results in the second quarter, introduced in early August. No, it wasn’t a soar in buying and selling. However common income per person ticked greater for the primary time for the reason that begin of the meme-stock frenzy within the first quarter of 2021, from $53 the prior quarter to $56. Notably, that was helped by an enormous enhance in non-transaction income: Web curiosity revenue grew by greater than a 3rd from the primary to second quarter, to $74 million, at the same time as transaction-based revenues dipped from $218 million to $202 million.


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