Beware of Robinhood's reliance on joke crypto dogecoin, Wolfe Research says

Tanaya Macheel@tanayamacheel
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A visual representation of digital cryptocurrencies Dogecoin and Bitcoin.
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Robinhood's transactional revenues for the second quarter surpassed Wolfe Research's expectations, but activity linked to meme-inspired crypto dogecoin made up far more of that revenue than its analysts expected.