

Like many tech start-ups, Robinhood has yet to turn a profit following its IPO. Transaction-based revenue from cryptocurrencies jumped 304% to $48 million in the fourth quarter, while revenue from equity trading declined 35% to $52 million. 'We think we're in a really good position to start slowing that from here,' he said.

Robinhood has suffered losses of more than 33% over the last month

Company also warned that revenue in the current quarter could also sag sharply.Company whose easy-to-use trading app helped bring a new generation of investors to the market its revenue rose 14% in 4th Quater from a year ago.Growth slowed for Robinhood, the upstart company that upended the brokerage industry, and its stock keeps falling - company made a $432 million loss.Robinhood stock falls 11% in post-market trading after it reported massive $432 million loss: App's CFO says customer trading has dropped off since height of pandemic boon
