Robinhood Markets, Inc. Class A (NASDAQ:HOOD) faces mixed signals: ARK trimmed stakes and a CEO X hack that fueled a memecoin scam and ETH drains, even as Robinhood Chain on Arbitrum booms and HOOD trims 2026 crypto revenue but raises 2028 EPS while launching invite-only Platinum Card.
Previous Week Recap
- HOOD Cancun Revenue Forecast Cut; 2028 EPS Rise: HOOD cut 2026 crypto revenue forecast 49% to ~$5.3B and raised 2028 EPS target to $4.56. Robinhood Chain on Arbitrum exceeded $400M TVL and nears $200B annual DEX volume.
- HOOD CEO X Hack, VLAD Fraudulent Posts: HOOD: CEO Vlad Tenev’s X was hacked in late July; fraudulent posts pushed memecoin VLAD. On-chain: thousands of holders, ~$22M volume, price spikes, attackers drained ~650–690 ETH (~$1.2–1.3M).
- ARKK/ARKW Dump HOOD Shares: ARK Invest cut Robinhood (HOOD) holdings July 22: ARKK sold 85,969 shares and ARKW sold 11,356 shares as funds rotated out of HOOD.
- Robinhood Platinum Card Launch: Robinhood (HOOD) is launching an invite-only Robinhood Platinum Card as a core platform benefit, initially available only to selected customers during the launch phase.
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