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Robinhood Rakes It in as Clueless Cryptocurrency Enthusiasts Send Money Down the Drain Like There’s No Tomorrow

Crypto NewsDeFiEthereum 1 Barry Thompson August 16, 2024

An illustration of a person recklessly throwing money into a deep well while oblivious to their surroundings; below them is an image of a rising graph representing increasing revenue. The figure at the top has coins falling out from under their hands, symbolizing lost funds. In contrast, another character stands on solid ground with arms crossed and eyes closed as if enjoying financial stability. A faint outline in the background depicts Robinhood's logo amidst swirling shapes that resemble cryptocurrency symbols.

Oh boy, here we go again! Another day, another bunch of numbers on a computer being touted as “revenue” by some overpriced brokerage firm. Robinhood is making bank off people’s gullibility, that much is clear. 161% surge? More like 161% increase in the number of idiots who still think cryptocurrency has inherent value

Source: bitcoin.com

Robinhood Reports 161% Surge in Q2 Crypto Revenue
https://news.bitcoin.com/robinhood-reports-161-surge-in-q2-crypto-revenue
Robinhood Markets announced a record-breaking $682 million in revenue for the second quarter, highlighting a 161% rise in cryptocurrency revenue. Robinhood’s assets under custody also saw a 57% increase, driven by key acquisitions and the rising value of both equities and cryptocurrencies. Robinhood Markets, Inc. (Nasdaq: HOOD) reported its second-quarter 2024 financial results on Wednesday, announcing record revenues of $682 million, a 40% increase from the previous year. Robinhood also […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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