Robinhood Shares Clouded by Looming Stock Sale, Crypto Rules
- Early holders of stock may get first chance to sell Wednesday
- Firm sees rising regulatory risk to crypto, order flow payment
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A looming share sale by early Robinhood Markets Inc. investors and a toughening regulatory environment for cryptocurrencies are adding to the headwinds in the stock market for the darling of the U.S. retail trading mania.
Falling interest in stock trading by amateurs as they headed back to the office already has put pressure on the stock, which has slumped 41% from its August peak versus a 1.8% drop for the Nasdaq 100 Index.