2024-04-15 06:00:00 ET
The favorable market environment has benefited many businesses. Just look at Robinhood Markets (NASDAQ: HOOD) . As of Friday, its shares have risen more than 40% year to date.
But zoom out and it's a totally different picture. The fintech stock is currently trading about 70% below its all-time high. Clearly, a lot will need to go right for Robinhood for its market cap to get back to its high-water mark.
Investors who might be eyeing this beaten-down growth stock as a way to ride the recent momentum will want to understand more about Robinhood's business model. You might be surprised at how the company makes a significant chunk of its revenue.
For further details see:
You Wouldn't Believe How This Beaten-Down Growth Stock Makes Money