Topline
Menlo Park-based brokerage firm Robinhood’s stock fell more than 11% this week as uncertainty over rate cuts cooled investors’ appetites for risk and bitcoin hit an eight month low, a slide that also coincided with cofounder Baiju Bhatt’s $48.7 million dollar stock sale.
NEW YORK, NEW YORK – JULY 29: People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Robinhood Markets Inc. shares fell about 5% during its Nasdaq debut. (Photo by Spencer Platt/Getty Images)
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Key Facts
Robinhood stock was up more than 1% Friday morning after falling 12.7% Thursday to close at $106.21.
The drop capped a heavy week of selling that pushed shares as low as 15.3% below Monday’s open and cut Robinhood’s value by 28% so far in November.
Regulatory filings also show Robinhood cofounder Baiju Bhatt unloaded 418,338 shares worth $48.7 million this week.
Big Number
$35.4 billion. That’s how much the selloff wiped in market cap from Robinhood this month, dropping from $130.7 billion at the start of November to $95.3 billion by Friday at 1:00 p.m.
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Source: https://www.forbes.com/sites/martinacastellanos/2025/11/21/robinhood-shares-are-down-11-this-week-heres-why/
