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International Business Times
International Business Times
Business

Robinhood's Prediction Market Had a Record Quarter. Its Stock Is Dropping Anyway After Its Earnings

Robinhood Vlad Tenev
Robinhood's stock is dropping on Thursday even after its earnings report showed large gains for its prediction market. (Credit: Chris Delmas/AFP via Getty Images)

Robinhood's stock is falling on Thursday even though the company reported rapid growth in its prediction market area.

The company's shares are falling 2.67% at 10:53 a.m. ET. They have dropped almost 13% over the past month and about a quarter of their value since the beginning of the year.

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