Robinhood Crashes 13% on Earnings Miss; Is Crypto Cooling Off?
Robinhood (HOOD) plunged 13.24% after Q1 results missed expectations, triggering heavy selling as Jim Cramer publicly questioned whether the company's focus on institutional business and IPO pipeline expansion has diluted execution in its core retail brokerage. The Singapore expansion and institutional services buildout are being read by some as a "strategic defocus" signal. Is the retail investing boom fading, and how many more quarters can HOOD's growth story hold up?