Robinhood is trading at $97.65 (-4.20%) as a crypto selloff pressures crypto-linked shares.
- Bitcoin (-3.32%) and Ethereum (-3.56%) are down since the prior close. Broader risk-off trading is also adding pressure, with technology stocks falling amid AI-spending concerns and rising oil prices.
- Robinhood’s Dubai expansion announcement is positive but does not explain the decline; Q3 results are scheduled for October 27.