Robinhood Choppy After CFO Downplays Shiba Inu Rumor
- Date: 13-Jan-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Robinhood Choppy After CFO Downplays Shiba Inu Rumor
By Dhirendra Tripathi
Investing.com – Robinhood stock (NASDAQ:HOOD) stock was volatile in Thursday’s premarket after the company’s chief financial officer downplayed rumors that it is about to start offering trading in cryptocurrency Shiba Inu SHIB/USD.
"“There aren’t compelling reasons strategically for our business to put any meaningful amount of our corporate cash into cryptocurrencies,” Jason Warnick said at a virtual event hosted by The Wall Street Journal.
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