None
EN
Robinhood's Prediction Market Had a Record Quarter. Its Stock Is Dropping Anyway After Its Earnings
['Demian Bio']
International Business Times
Robinhood's stock is falling on Thursday even though the company reported rapid growth in its prediction market area.
Company CEO Vlad Tenev said that the company's second quarter earnings were powered by strong growth in the mentioned area, which has now become its second-largest trading business.
He said earlier this month that AI agents are moving closer to performing the same trading functions as human investors.
He said the company's long-term goal is for AI agents to carry out every trading function that a human trader can perform.
"The idea behind agentic trading is every capability a human can do will be available to an AI agent," Tenev said during the interview.