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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

Robinhood´s stock has been steadily falling since touching $85 shortly after its initial public offering last summer and it is down 34.6% already in 2022.

Since the start of 2022, Robinhood has seen customers making fewer trades and in smaller amounts.

Robinhood's business does best when people use its app to trade often, because it makes money by routing their orders to market makers and big trading firms.

The $362.7 million in revenue that Robinhood made during the last three months of 2021 fell short of analysts' expectations for $376.3 million.

Forecast was weaker than Wall Street was expecting and Robinhood's shares fell 11.5% after the market closed following a 6.4% loss in the regular trading session.

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