Robinhood Slashes 2026 Outlook, CEO's X Account Hacked
HOOD sits 40% above its 52-week low of $63.515.
Summary
Robinhood cut its 2026 adjusted operating expense and SBC outlook to $2.675B–$2.775B, a material guidance reduction that signals higher cost pressures. This follows a strong Q2 beat just yesterday, making the timing jarring. Separately, CEO Vlad Tenev's X account was hacked on July 23 via social engineering; a fake memecoin post was removed and security restored. The hack is a reputational risk but likely contained. Meanwhile, Robinhood Chain is live with $325M+ TVL and $12B+ DEX volume, showing traction in crypto infrastructure. The outlook cut is the dominant negative signal here, overshadowing the chain's early success.
At the time of this announcement, HOOD was trading at $88.93 on NASDAQ in the Finance sector, with a market capitalization of approximately $81B. The 52-week trading range was $63.52 to $153.86. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.