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Stock Market Today, Feb. 2: Robinhood Markets Falls on Bitcoin Weakness and Lower Crypto Trading Volumes | The Motley Fool
- Robinhood Markets slid after bitcoin weakness and lower crypto trading volumes raised concerns about its revenue source.
- HOOD closed at $89.91, down 9.62% for the session, amid broader market movement.
- The Motley Fool notes Robinhood relies mainly on payment for order flow, tying revenue to trading activity.
- Bitcoin fell more than 12% in the past five days, contributing to the stock's decline.
- Investors watched how prolonged digital-asset volatility could affect Robinhood’s transaction-based revenue.
- Market data showed the S&P 500 and Nasdaq posting modest gains while HOOD fell.
- The Motley Fool highlights that Robinhood’s revenue is tied to trading activity via payment-for-order-flow.
- The article cites market data on key equities with Robinhood among financial services peers.
- The report includes a broader view of crypto volatility and its impact on trading platforms.
- The Motley Fool provides context on Robinhood's 2021 IPO and long-term performance since then.
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