Disappointing results from Robinhood 😕; PayPal goes further into the POS biz 💳; Another creamy DeFi hack 🤷♂️
Good Morning FinTech, 28 October
Good day Everyone,
And happy Thursday! We’re almost done with the week, what a blast it was, right? Before you relax for a moment, here’s a mix of 3 great FinTech stories for today:
Disappointing results from Robinhood 😕
The earnings call 📞 Retail brokerage app Robinhood has seen its shares falling as much as 10% after the zero-commission trading platform missed badly on revenue expectations as its cryptocurrency revenue fell sharply from the second quarter’s record high.
The numbers 📊 Despite that the third-quarter (Q3) earnings for online investment and trading platform showed some growth performance, Robinhood has missed the estimates. Here are the key figures: