Robinhood dropped $750,000 in Bitcoin into the hands of its users as part of a wild holiday giveaway on Saturday, the second day of its new festive countdown.
On the first day, users were offered $500,000 worth of Dogecoin, a bunch of flashy physical prizes, and a five-minute window to grab it all.
Though that window turned into a disaster for some, specifically those who showed up early, phones ready, but the Robinhood app crashed or froze.
Some reportedly got stuck on a blank screen, while others were told they “missed the rewards” even though they were already in. And this happened during the one moment users were supposed to claim their prizes, according to multiple posts on X by users.
Along with DOGE, Robinhood added luxury items to the mix. People could also win Rolex watches and Apple AirPods, turning what was supposed to be a crypto giveaway into a flex-off.
Robinhood stock performance in 2025 has thrown Wall Street off a bit
Away from the giveaways, Robinhood’s stock (HOOD) isn’t feeling festive. It closed at $118.13, down 1.92% from the previous day. That drop was worse than the S&P 500’s dip of just 0.03%. The Dow fell by 0.04%, and the Nasdaq slid 0.09%. Robinhood lost more ground than all of them.
Over the past month, HOOD has dropped 6.05%, even as the finance sector gained 4.37% and the S&P 500 rose 2.57%. But earnings are coming up. Robinhood is expected to report Q4 2025 EPS of $0.57, which would be 5.56% higher than the same quarter last year. Revenue estimates sit at $1.29 billion, up 27.08% year-over-year.
Still, some analysts remain optimistic. Brian Bedell at Deutsche Bank still has a buy rating, and just bumped the target price from $150 to $160. TipRanks says Bedell has a 61.8% success rate and an average return of 19.4% over the past year.
Meanwhile, financial analyst Carter Worth thinks Robinhood is in a “bullish-to-bearish” reversal, and could drop to around $100.
Carter points out its weak performance compared to the S&P 500, and warns that the uptrend since April’s low is breaking. HOOD hit $29.66 back in April, then exploded to $153.86 in October, a 419% rally in just six months.
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