That enthusiasm didn't last long, because Robinhood stock sank 91% to an all-time low of around $7 by mid-2022 when the S&P 500 slipped into a bear market, which deterred many of the company's clients ...
Robinhood exec talks to MBJ about his company's high valuation of the Grizzlies — "a team that is clearly flying under the radar" — and why the NBA is an attractive venue for its brand.