END: Robinhood Markets, Inc. Investors with significant losses have the option to bring a class action lawsuit

Law firm of Robbins Geller Rudman & Dowd LLP Announces that buyers of Robinhood Markets, Inc. (NASDAQ: HOOD) common stock are following and / or trackable by Robinhood’s July 2021 Initial public offering (“IPO”) by February 15, 2022 apply for appointment as lead plaintiff Golubowski Sues Robinhood Markets, Inc., No. 21-cv-09767 (ND Cal.). beginning December 17, 2021, that Robin Hood hero The class action lawsuit alleges Robinhood, some of its top managers and directors, and the underwriters of Robinhood’s initial public offering, of violating the Securities Act of 1933.

CASE REPORT: About July 30, 2021, Robinhood went public and offered 55 million shares of common stock to the public $ 38 per share for more than expected earnings $ 2 billion.

the Robin Hood hero The class action alleges that the IPO offer documents were inaccurate, misleading, and / or incomplete for failing to disclose that Robinhood’s revenue growth at the time of the IPO was experiencing a sharp reversal with transaction-based cryptocurrency revenue trading only as a short-term, temporary injection will act and mask what actually slows growth. Additionally, Robinhood’s “substantial investment” in improving the reliability and scalability of its platform has been inadequate and / or severely flawed, leading Robinhood to exacerbate the situation, service level disruptions and security breaches, particularly as Robinhood is running down its services expanded a larger user base.

Over October 26, 2021, Robinhood announced that total net sales for the period between July 1, 2021 through September 30, 2021 – at about the same time as Robinhood went public – at $ 365 million, Analyst estimates are seriously missing by almost $ 73 millionand Reduction in Monthly Active Users (“MAU”), Sponsored Accounts, Assets Under Management, and Average Revenue per User. Robinhood also revealed that the trade-based third-quarter crypto-trading revenue that led to its IPO and makes up the bulk of Robinhood’s revenue is a significant number. $ 51 million, Incredible below $ 233 million Robinhood made money trading crypto in the second quarter. On the news, Robinhood stock fell more than 10%.

Then further November 8, 2021, Robinhood announced that they had experienced a “data security incident” November 3, 2021.. almost 40% of the MAU from Robinhood. In addition, Robinhood said that additional personal information was disclosed of 310 other users, including their names, dates of birth, and zip codes, and within that group, 10 users suffered “many” security breaches. After the news, Robinhood’s stock continued to fall.

Until beginning Robin Hood hero Class action lawsuit, Robinhood shares hit lows $ 17.08 per share, more than 55% below the IPO price.

PROCESS OF THE TOP PLASTICS EMPLOYEES: The Private Securities Litigation Reform Act of 1995 allows buyers of Robinhood common stock pursuing and / or pursuing an IPO to seek appointment as lead plaintiff in an IPO. Robin Hood hero Class action. The lead plaintiff is usually the person with the greatest financial interest in the discharge sought by the alleged class, who is also a typical and eligible person of the alleged class. A lead plaintiff acting on behalf of all other members on the line Robin Hood hero Class action. Plaintiffs can choose a law firm of their choice to sue Robin Hood hero Class action. An investor’s ability to participate in a possible future recovery in. to participate Robin Hood hero Class actions are not subject to lead plaintiff status.

Cu00f4ng ty luu1eadt cu1ee7a Robbins Geller Rudman & Dowd LLP thu00f4ng bu00e1o ru1eb1ng nhu1eefng ngu01b0u1eddi mua cu1ed5 phiu1ebfu phu1ed5 thu00f4ng cu1ee7a Robinhood Markets, Inc. (NASDAQ: HOOD) theo vu00e0 / hou1eb7c cu00f3 thu1ec3 theo du00f5i u0111u01b0u1ee3c cu1ee7a Robinhood's Thu00e1ng 7 nu0103m 2021 phu00e1t hu00e0nh lu1ea7n u0111u1ea7u ra cu00f4ng chu00fang (u201cIPOu201d) cho u0111u1ebfn khi Ngu00e0y 15 thu00e1ng 2 nu0103m 2022 u0111u1ec3 tu00ecm kiu1ebfm cuu1ed9c hu1eb9n vu1edbi tu01b0 cu00e1ch lu00e0 nguyu00ean u0111u01a1n chu00ednh trong Golubowski kiu1ec7n Robinhood Markets, Inc., Su1ed1 21-cv-09767 (ND Cal.). Bu1eaft u0111u1ea7u vu00e0o Ngu00e0y 17 thu00e1ng 12 nu0103m 2021, cu00e1c Ngu01b0u1eddi hu00f9ng Robin Hood vu1ee5 kiu1ec7n tu1eadp thu1ec3 buu1ed9c tu1ed9i Robinhood, mu1ed9t su1ed1 giu00e1m u0111u1ed1c u0111iu1ec1u hu00e0nh vu00e0 giu00e1m u0111u1ed1c hu00e0ng u0111u1ea7u cu1ee7a nu00f3, cu0169ng nhu01b0 nhu1eefng ngu01b0u1eddi bu1ea3o lu00e3nh cho u0111u1ee3t IPO cu1ee7a Robinhood vi phu1ea1m u0110u1ea1o luu1eadt chu1ee9ng khou00e1n nu0103m 1933.

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Bu00c1O Cu00c1O Tu00ccNH HUu1ed0NG: Vu00e0o khou1ea3ng Ngu00e0y 30 thu00e1ng 7 nu0103m 2021, Robinhood u0111u00e3 tiu1ebfn hu00e0nh IPO, chu00e0o bu00e1n 55 triu1ec7u cu1ed5 phiu1ebfu phu1ed5 thu00f4ng cu1ee7a mu00ecnh ra cu00f4ng chu00fang vu1edbi giu00e1 $ 38 tru00ean mu1ed7i cu1ed5 phiu1ebfu cho su1ed1 tiu1ec1n thu u0111u01b0u1ee3c du1ef1 kiu1ebfn u200bu200bhu01a1n 2 tu1ef7 u0111u00f4 la.

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Cu00e1c Ngu01b0u1eddi hu00f9ng Robin Hood vu1ee5 kiu1ec7n tu1eadp thu1ec3 cu00e1o buu1ed9c ru1eb1ng cu00e1c tu00e0i liu1ec7u chu00e0o bu00e1n cu1ee7a IPO lu00e0 khu00f4ng chu00ednh xu00e1c, gu00e2y hiu1ec3u lu1ea7m vu00e0 / hou1eb7c khu00f4ng u0111u1ea7y u0111u1ee7 vu00ec hu1ecd khu00f4ng tiu1ebft lu1ed9 ru1eb1ng, tu1ea1i thu1eddi u0111iu1ec3m IPO, tu0103ng tru01b0u1edfng doanh thu cu1ee7a Robinhood u0111ang tru1ea3i qua mu1ed9t su1ef1 u0111u1ea3o ngu01b0u1ee3c lu1edbn, vu1edbi doanh thu du1ef1a tru00ean giao du1ecbch tu1eeb giao du1ecbch tiu1ec1n u0111iu1ec7n tu1eed chu1ec9 u0111u00f3ng vai tru00f2 nhu01b0 mu1ed9t mu0169i tiu00eam ngu1eafn hu1ea1n, nhu1ea5t thu1eddi, che u0111u1eady nhu1eefng gu00ec thu1ef1c su1ef1 u0111ang lu00e0m tru00ec tru1ec7 su1ef1 tu0103ng tru01b0u1edfng. Ngou00e0i ra, u201ccu00e1c khou1ea3n u0111u1ea7u tu01b0 u0111u00e1ng ku1ec3u201d cu1ee7a Robinhood trong viu1ec7c nu00e2ng cao u0111u1ed9 tin cu1eady vu00e0 khu1ea3 nu0103ng mu1edf ru1ed9ng cu1ee7a nu1ec1n tu1ea3ng cu1ee7a nu00f3 u0111u00e3 khu00f4ng u0111u1ee7 vu00e0 / hou1eb7c bu1ecb lu1ed7i mu1ed9t cu00e1ch nghiu00eam tru1ecdng, khiu1ebfn Robinhood lu00e0m tru1ea7m tru1ecdng thu00eam tu00ecnh tru1ea1ng giu00e1n u0111ou1ea1n cu1ea5p du1ecbch vu1ee5 vu00e0 vi phu1ea1m bu1ea3o mu1eadt, u0111u1eb7c biu1ec7t lu00e0 khi Robinhood mu1edf ru1ed9ng du1ecbch vu1ee5 cu1ee7a mu00ecnh cho cu01a1 su1edf ngu01b0u1eddi du00f9ng lu1edbn hu01a1n.

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Tru00ean Ngu00e0y 26 thu00e1ng 10 nu0103m 2021, Robinhood tiu1ebft lu1ed9 ru1eb1ng tu1ed5ng doanh thu ru00f2ng cu1ee7a nu00f3 trong khou1ea3ng thu1eddi gian giu1eefa 1 thu00e1ng 7 nu0103m 2021 bu1edfi vu00ec Ngu00e0y 30 thu00e1ng 9 nu0103m 2021 - cu00f9ng khou1ea3ng thu1eddi gian Robinhood tiu1ebfn hu00e0nh IPO - u0111u1ebfn vu00e0o lu00fac $ 365 triu1ec7u, cu00e1c u01b0u1edbc tu00ednh cu1ee7a nhu00e0 phu00e2n tu00edch bu1ecb thiu1ebfu tru1ea7m tru1ecdng gu1ea7n nhu01b0 73 triu1ec7u u0111u00f4 lavu00e0 giu1ea3m lu01b0u1ee3ng ngu01b0u1eddi du00f9ng hou1ea1t u0111u1ed9ng hu00e0ng thu00e1ng (u201cMAUu201d), tu00e0i khou1ea3n u0111u01b0u1ee3c tu00e0i tru1ee3, tu00e0i su1ea3n u0111ang u0111u01b0u1ee3c quu1ea3n lu00fd vu00e0 doanh thu trung bu00ecnh tru00ean mu1ed7i ngu01b0u1eddi du00f9ng. Robinhood cu0169ng tiu1ebft lu1ed9 ru1eb1ng doanh thu du1ef1a tru00ean giao du1ecbch quu00fd thu1ee9 ba tu1eeb giao du1ecbch tiu1ec1n u0111iu1ec7n tu1eed, du1eabn u0111u1ebfn IPO, lu00e0 phu1ea7n lu1edbn doanh thu cu1ee7a Robinhood, lu00e0 mu1ed9t con su1ed1 u0111u00e1ng ku1ec3 51 triu1ec7u u0111u00f4 la, u0111u00e1ng kinh ngu1ea1c bu00ean du01b0u1edbi $ 233 triu1ec7u Robinhood kiu1ebfm u0111u01b0u1ee3c tu1eeb giao du1ecbch tiu1ec1n u0111iu1ec7n tu1eed trong quu00fd thu1ee9 hai. Tru01b0u1edbc thu00f4ng tin nu00e0y, cu1ed5 phiu1ebfu cu1ee7a Robinhood u0111u00e3 giu1ea3m hu01a1n 10%.

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Sau u0111u00f3, tru00ean Ngu00e0y 8 thu00e1ng 11 nu0103m 2021, Robinhood tiu1ebft lu1ed9 ru1eb1ng hu1ecd u0111u00e3 gu1eb7p phu1ea3i "su1ef1 cu1ed1 bu1ea3o mu1eadt du1eef liu1ec7u" tru00ean Ngu00e0y 3 thu00e1ng 11 nu0103m 2021, thu1eeba nhu1eadn ru1eb1ng mu1ed9t u201cbu00ean thu1ee9 ba tru00e1i phu00e9pu201d u0111u00e3 lu1ea5y u0111u01b0u1ee3c u0111u1ecba chu1ec9 email cu1ee7a khou1ea3ng nu0103m triu1ec7u ngu01b0u1eddi du00f9ng vu00e0 tu00ean u0111u1ea7y u0111u1ee7 cu1ee7a mu1ed9t nhu00f3m khu00e1c gu1ed3m khou1ea3ng hai triu1ec7u ngu01b0u1eddi du00f9ng, cho thu1ea5y ru1eb1ng cuu1ed9c tu1ea5n cu00f4ng cu00f3 khu1ea3 nu0103ng u1ea3nh hu01b0u1edfng u0111u1ebfn gu1ea7n 40% MAU cu1ee7a Robinhood. Hu01a1n nu1eefa, Robinhood cho biu1ebft thu00f4ng tin cu00e1 nhu00e2n bu1ed5 sung cu1ee7a 310 ngu01b0u1eddi du00f9ng khu00e1c, bao gu1ed3m tu00ean, ngu00e0y sinh vu00e0 mu00e3 zip cu1ee7a hu1ecd, u0111u00e3 bu1ecb lu1ed9, vu00e0 trong nhu00f3m u0111u00f3, 10 ngu01b0u1eddi du00f9ng thu1eadm chu00ed cu00f2n bu1ecb vi phu1ea1m u201cnhiu1ec1u hu01a1nu201d. Sau tin tu1ee9c nu00e0y, cu1ed5 phiu1ebfu cu1ee7a Robinhood u0111u00e3 giu1ea3m hu01a1n nu1eefa.

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Bu1edfi su1ef1 bu1eaft u0111u1ea7u cu1ee7a Ngu01b0u1eddi hu00f9ng Robin Hood vu1ee5 kiu1ec7n tu1eadp thu1ec3, cu1ed5 phiu1ebfu cu1ee7a Robinhood u0111u01b0u1ee3c giao.../i>

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