Robinhood shares dive 27.6%; filing sparks worries early investors could sell

FILE PHOTO: The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly/File Photo

(Deletes reference in paragraph 4 to future share sales depending on stock performance targets, which is incorrect)

(Reuters) -Shares of Robinhood Markets Inc tumbled on Thursday, snapping a four-day winning streak, after the newly public online brokerage said early investors may sell nearly 98 million shares.