Robinhood suffers brutal weekly loss as bitcoin, AI stocks are hit hard

Admin 1 min read

Omar Marques | Lightrocket | Getty Images

Robinhood

The latest slide reflects a sharp reversal in the risk-hungry investment activity Robinhood relies on. The company’s core business is closely tied to retail investors pouring into speculative corners of the market, particularly cryptocurrency and buzzy artificial intelligence stocks.

Those trades helped fuel a resurgence in Robinhood revenue and user engagement earlier this year as bitcoin hit fresh highs and anything tied to artificial intelligence soared. But the recent rout in crypto and high-growth tech stock leaders is exposing Robinhood’s sensitivity to sentiment swings.

Bitcoin

Read More: Robinhood suffers brutal weekly loss as bitcoin, AI stocks are hit hard

A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labor power) in exchange for money from buyers.

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