Robinhood (NASDAQ: HOOD) practically became synonymous with retail investing during the buying frenzy in growth stocks, meme stocks, cryptocurrencies, and speculative options throughout 2020 and 2021. Its trading app drew in millions of new investors with its commission-free trades, gamified features, and streamlined interface.

Robinhood went public at $39 per share on July 29, 2021, then surged to its all-time high of $70.39 on Aug. 4. At its peak, Robinhood's enterprise value reached $61 billion -- a whopping 39 times the revenue it would actually generate in 2021.

Image source: Getty Images.

Continue reading

Source Fool.com