Happy Friday. As many of you are already en route to see loved ones or blissfully unplugged from the Internet for a few days, we'll keep this last newsletter of the year a short one. I'd like to use it to point to my colleague Ben Weiss's new profile of Robinhood, which I've been reporting on since it was a buzzy startup and is now a decade old, including more than two years as a public company (writing this makes me feel old!).
Robinhood has had more than a few ups and downs during this time, including on the crypto front. This is underscored by a striking chart in Ben's profile that shows how the company's proportion of revenue from digital assets has ping-ponged from 4% in 2020 all the way to 43% during the mad days of 2021 and then back down to 5% in Q3 of this year.
