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This Ex-Growth Stock Is Down 88%, But Is It a Buy?

·4-min read
This Ex-Growth Stock Is Down 88%, But Is It a Buy?

Robinhood Markets (NASDAQ: HOOD) was once the envy of the stockbroking industry. During the pandemic, a mixture of lockdowns and stimulus checks gave these investors more time and money to focus on investing, and it drove a boom in Robinhood's business. Robinhood earns the majority of its revenue based on transaction volume through its controversial payment for order flow (PFOF) model.