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Why Is Robinhood Stock Down 40% From Its Record High?

Robinhood Markets (NASDAQ: HOOD) operates an investing platform where its clients buy and sell stocks, options contracts, futures contracts, cryptocurrencies, and even event contracts in prediction markets. Its stock hit an all-time high of $152. 46 last year, but it has since plummeted by 40% as investors worry about the sustainability of the company's growth. Buying and holding a diversified portfolio of at least 50 stocks are a surefire way to build wealth over the long term, but many of Robinhood's clients are mo.

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