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- Robinhood stock dropped as much as 7% Thursday following its second-quarter earnings report.
- The trading firm said monthly active users declined by about 1 million per month in the quarter.
- Still, the platform saw its first profitable quarter ever and growing popularity for its retirement offerings.
Robinhood stock dropped as much as 7% Thursday following its latest earnings release, which showed its monthly active users declined by about 1 million in the second quarter.
After midday in New York, shares changed hands at around $11.70, down about 5.9% on the day.