Suspected Robinhood insider shorts HOOD stock ahead of earnings report

An individual suspected of insider trading at Robinhood was observed shorting HOOD stock on Hyperliquid before the company announced its lackluster earnings, Zoomer News reported. The person is known for repeatedly buying cryptocurrencies ahead of their listing announcements on the platform. Meanwhile, Robinhood disclosed in its first-quarter earnings report today that its crypto business revenue was $134 million.