Despite a $70 million fine for misleading investors, Robinhood is pushing ahead with its IPO plans.
In its S-1 filings, the company revealed that its revenue was tied to DOGE’s popularity.

Since the COVID-19 outbreak, Robinhood has recorded astronomical growth. With people stuck at home, there has been a heightened appetite for trading seeing the popularity of platforms such as Robinhood, one of the leading platforms offering commission-free trades of stocks, cryptocurrencies and exchange-traded funds via a mobile app skyrocket. The growth has driven Robinhood to file for an IPO. But according to the financial reports disclosed by the company earlier this week, a lot of its success is tied to Dogecoin. As such, the company has warned that if the meme coins popularity waned, it would hurt its revenues.
In the first quarter, DOGE was one of the most popular cryptocurrencies after some positive mentions by Elon Musk both in public appearances and through social media. In May, the tok

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