Why Robinhood and Coinbase gained ground after reporting earnings
Source:https://techcrunch.com/2022/11/04/why-robinhood-and-coinbase-gained-ground-after-reporting-earnings/ Why Robinhood and Coinbase gained ground after reporting earnings 2023-01-20 22:02:21

You’d be forgiven for expecting public fintech companies that facilitate consumer trading to be under pressure this week. And yet, after reporting earnings, the share prices of two pandemic-era highfliers gained ground. Coinbase and Robinhood up? In this economy? Yes.

Of the out-of-fashion tech sectors, consumer trading has to be among the most out of favor. And yet.

TechCrunch wanted to better understand investor response to results from both Coinbase (crypto-focused) and Robinhood (equities-focused) to figure out what drove each company’s shares higher in the wake of their reports. The answers, it turns out, are partially related.


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In an ironic twist, some of the forces that have made consumer trading less attractive are the very same impulses helping the two companies derive more revenue from a previously less-critical part of their business. The Federal Reserve taketh away, and the Fed also giveth some back.

Tech, Technology Source:https://techcrunch.com/2022/11/04/why-robinhood-and-coinbase-gained-ground-after-reporting-earnings/

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