Will Cryptocurrencies Save Robinhood's Plunging Stock Price?
Stock trading platform Robinhood Markets (NASDAQ: HOOD) was once the recipient of significant praise from the investment community for its success in attracting coveted younger users like Generation Z that other brokers never could.
In fact, up to half of Robinhood's customers are entering the financial markets for the very first time. But in an attempt to maintain these users, the company made significant changes to its product offering. While it's best known for stocks and options broking, Robinhood now has an enormous cryptocurrency broking segment.
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Source Fool.com
