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
(Reuters) -Shares in Robinhood Markets Inc, the brokerage at the center of last year's retail trading frenzy, slipped to a record low on Thursday after it posted a 43% fall in first-quarter revenue and a decline in monthly active users.
Shares of the Menlo Park, California-based firm dropped more than 12% to $8.83 in extended trading following the results. The shares, which have lost more than 43% of their market value so far this year, were sold in its IPO last July for $38 apiece.
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