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Business

Robinhood posts half a billion loss in second quarter, but investments double

Robinhood reported a large loss in its first earnings report since its volatile IPO last month, overshadowing the fact that sales more than doubled in the second quarter, driven by strong demand for cryptocurrency trading. The company reported $565 million in revenue for the quarter. Analysts predicted $521.8 million in sales. According to Robinhood, this […]

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Business

GameStop bounces back after Robinhood lifts trading curbs

Shares of GameStop and other companies caught in the recent frenzy bounced on Friday, after online broker Robinhood lifted all the buying curbs imposed at the apex of the battle between amateur investors and Wall Street hedge funds. The videogame retailer, the initial trigger for the market slugfest after gaining popularity on social media platform […]