- Jim Cramer expresses mixed feelings about Robinhood’s Q4, citing concern over young investors’ crypto focus.
- Robinhood’s Q4 sees 10% rise in crypto revenue to $43 million, surpassing equities revenue.
- Cramer’s skepticism about Bitcoin’s future valuation adds caution to discussion amidst market volatility.
CBNC’s ‘Mad Money’ host Jim Cramer recently expressed mixed feelings about Robinhood’s fourth-quarter performance. While acknowledging the increase of young investors in the market, Cramer voiced concerns regarding the substantial number of users motivated towards cryptocurrency and options trading over traditional stock investments.
I was of mixed emotions about the Robinhood quarter. So great to see so many young people join the market, But such a huge percentage of users are trading crypto and options instead of investing in stocks. I would like to see more balance…— Jim Cramer (@jimcramer) February 15, 2024
Robinhood’s fourth-quarter report revealed a significant 10% annual increase in cryptocurrency revenue, totaling $43 million, surpassing equities revenue of $25 million. This surge was attributed to heightened user engagement, spurred by exciteme…
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