Technology

Robinhood shares tumble after PayPal news, SEC scrutiny of key revenue stream

Robinhood shares tumble after PayPal news, SEC scrutiny of key revenue stream

Shares of Robinhood Markets Inc (HOOD.O), a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on news that PayPal Holdings Inc (PYPL.O) may start an online brokerage and a report saying regulators were looking at a possible ban on a practice that accounts for the bulk of the company's revenue.

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