This Ex-Growth Stock Is Down 88%, But Is It a Buy?
Robinhood Markets (NASDAQ: HOOD) was once the envy of the stockbroking industry. It achieved something most brokers have struggled with: It successfully attracted young, first-time investors and got them excited about participating in the financial markets.
During the pandemic, a mixture of lockdowns and stimulus checks gave these investors more time and money to focus on investing, and it drove a boom in Robinhood's business. But now those factors have faded, and the company is experiencing an alarming deterioration.
Robinhood released its financial results for the second quarter of 2022 on Aug. 3, and they revealed further losses. Those losses weren't just financial -- the company also continued to lose active users. However, there were a couple of positives, but are they enough to warrant buying Robinhood stock?
Source Fool.com
