Robinhood Markets, Inc. (NASDAQ: HOOD ) is ending the week in the spotlight after a sharp post-update selloff put the retail brokerage’s growth story—and its new “crypto + prediction markets” strategy—back at the center of investor debate.

As of Friday, Dec. 12, 2025 , HOOD was trading around $123 (down roughly 9% from the prior close), a notable pullback for a stock that has been one of 2025’s standout performers. ^[1]

The immediate catalyst: Robinhood’s November 2025 monthly operating data , which showed a steep month-over-month slowdown in equities, options, and crypto activity versus an unusually strong October—while net deposits and prediction-market (“event contract”) volumes remained bright spots. ^[2]

Below is a…