Robinhood technology and development costs surge 248% YOY

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Trading app Robinhood’s technology and development spend is up 248% year over year to $156 million or 28% of total net revenues, the company reported during Wednesday’s earnings call. The Menlo Park, Calif.-based Robinhood also reported record total net revenues of $565 million in Q2, up 131% year over year. A chunk of that was […]

Source: https://bankautomationnews.com/allposts/wealth/robinhood-technology-and-development-costs-surge-248-yoy/

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