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🧵 2. Robinhood's IPO struggles, but reports surprising earnings of 3 cents/share in Q2, beating estimate of 1 cent/share loss.

🧵 3. Despite profit, Robinhood's monthly active users still low, affected by controversies and meme stock scandal.

🧵 4. Alphabet also trims holdings in Duolingo and 23andMe, selling about 523K shares of Duolingo and previously holding 6.7M shares of 23andMe.

🧵 5. Alphabet still retains around 612K shares of Robinhood as of June 30th.