Robinhood reports $318M revenue and lays off 23% of their staff. Finally, something bad is dying out due to this bear market.

Just in during the earnings season, Robinhood reported a $318M revenue for Q2 2022 which is below estimates of a $321.5M revenue and in addition to that they are even laying out 23% of their staff. It’s no secret that they are really struggling right now and even in comparison to the daily-scandals coinbase it’s worse.

This finally shows also the good site of a bear market and the hype fading away. “Once the tides arise you will see who has been swimming naked”. Robinhood is slowly dying off because people have know seen how scammy they are and moved on to better exchanges. Either they will actually have to get better now or they will actually die off.

Their Crypto wallet could not even help them as it was way too late now. Even the hype investors from Dogecoin etc was hating them now for constantly stopping trading and not listing it. They really have no audience or user-base left now in crypto.

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44 thoughts on “Robinhood reports $318M revenue and lays off 23% of their staff. Finally, something bad is dying out due to this bear market.”

  1. >Robinhood reported a $318M revenue for Q2 2022 which is below estimates of a $321.5M revenue

    I don’t think this qualifies as what dying out means. But I sure wish they did

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  2. All I know is before Robinhood came on the scene, I was paying 4.99 per trade. After Robinhood, everyone offers ‘free’ trades. I know everyone likes to take a dump on Robinhood- Yeah I don’t like the way they’ve handled everything, but geez, they revolutionized the broker industry. Let’s be a little thankful.

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  3. I am not a fan of robinhood but they allowed a ton of first time investors get into the markets. The 20something crowd has rh to thanks for that

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  4. Saying RH’s death is good is like saying Luna, Voyager, Celsius deaths are good. Many ppl will suffer if RH falls.

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  5. A green on the reports is not ‘dying out’, more like ‘less profitable’ unless the shareholders are really really irked with the greens not getting any higher.

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  6. 318 is only a 1% miss on estimates – this isn’t “bad”, this is quite normal. The stock won’t die though, their platform is valuable and they are a take-out candidate if it gets cheaper.

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  7. Don’t count it ~ vulture boy of FTX wants HOOD really, really bad…and this just makes it even more of a wounded duck. Easy pickins…

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  8. Say what you want about Robinhood, but the one thing they get right is UI. The way the app shows live price movement is simple in a good way. I use it for that alone basically.

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  9. Nonsense, their CEO’s laughed all the way to the bank LAST year. This is them continuing to dunk on both their staff and retail investors. It’s a software app, it doesn’t need a big team, so layoffs are natural, especially when they were receiving PPP loans specifically TO hire more people than they need; this is actually part of their plan. With a smaller development team, there will be more technical issues that screw the people using it, more glitches and errors that now will not be fixed. It legitimately doesn’t even matter if their app/trading platform survives till next year, the founders are already millionaires off YOUR dime. You’ve already been robbed, there is no winning it back.

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  10. Unfortunately I don’t think Robinhood will die off. It will just a setback and they will be back with another shit strategy to steal from us.

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  11. Jeez, I can’t believe that CFD store is still going. Robinhood was a scam from day one, unbelievable that they got listed. uS stock market is a joke.

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  12. “Finally” something bad? While I agree that Robinhood can eat a pile of shit, 3AC, Celcius et al who were basically gambling with client funds died out so it’s not like Robinhood was the first.

    But fully expect the execs of these shit companies to pop back up after a brief moratorium to continue to act in bad faith ways and screw retail out of money, no doubt about it.

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  13. Everything that has died so far in this bear market was extremely bad in a very obvious way but was only propped up by unthinking banhappy cultists and all the credulous newbies they love to gaslight in their echo chambers. So the coins and bridges etc that have ‘died’ (including the ironically titled ‘Terra’ and the arrogantly titled ‘Smart’BCH) have fully deserved it. This bear market smells a lot like justice.

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  14. Robinhood will survive until idiots stop using it. WSB degenerates keep using it although they constantly say *Don’t*.

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  15. They aren’t dying lol – loads of companies are laying off staff. Look at Amazon for example! Don’t see them going anywhere anytime soon

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  16. What everyone forgets is that Robinhood has THE BEST interface for trading.

    Even if you left RH you are still looking at quotes arent you? Live crypto charts? yea

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