Robinhood Markets Inc (HOOD)

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"HOOD-winked? Investors not celebrating year after Robinhood's IPO"

"New York (CNN Business)It's been one year since Robinhood went public. And to say that the online broker's performance has been disastrous would be a massive understatement. If someone were to write a kids' book about it, they could title it "Robinhood and the Terrible, Horrible, No Good, Very Bad Year."

The stock debuted at $38 a share and fell more than 8% on its first day of trading. Robinhood then briefly captured the attention of the momentum traders on Reddit who originally shunned it and soared as high as $85 in its first week of trading. It has been all downhill since then, though."

Shares now trade around $9, more than 75% below their IPO price and nearly 90% from their all-time high. Robinhood has been hit hard by the plunge in the broader stock market and crypto crash, which have scared away many would-be investors."

Robinhood has also been criticized for making investing seem more like gaming, which may have contributed to the meme mania frenzy in stocks like AMC (AMC) and GameStop (GME). That bad press hasn't helped."

https://www.cnn.com/2022/07/29/investing/robinhood-ipo-stock-anniversary/index.html