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Robinhood wants to bring bags of money to your doorstep and says it can do it safely

1. Robinhood teams with Gopuff for same-day cash delivery. 2. Service costs $2.99 to $6.99; targets high-net-worth customers. 3. Launch currently available in NYC; expansion planned by 2026. 4. Customer feedback is positive; cash remains relevant despite digital trends. 5. Robinhood shares fell 8.6% despite significant year-long gains.

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FAQ

Why Bearish?

Robinhood's stock fell 8.6% after the announcement, indicating negative market reaction.

How important is it?

The cash-delivery service reflects Robinhood's evolving business model but faces scrutiny, thus likely affecting stock price.

Why Short Term?

The immediate market response suggests the negative perception may linger briefly, impacting investor sentiment quickly.

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