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Here's Why Robinhood Stock Plunged Today

Here's Why Robinhood Stock Plunged Today

Shares of Robinhood (NASDAQ: HOOD) sank on Thursday after the popular stock-trading platform said a group of its early investors filed to sell more than 97 million shares. At 12:15 p.m. EDT, Robinhood's stock price was down 13%. Robinhood conducted its initial public offering (IPO) last week.