ROBINHOOD MARKETS : MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)

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This section presents management's perspective on our financial condition and
results of operations. The following discussion and analysis is intended to
highlight and supplement data and information presented elsewhere in this
Quarterly Report on Form 10-Q, and should be read in conjunction with our
interim unaudited condensed consolidated financial statements and notes
elsewhere in this Quarterly Report on Form 10-Q and our audited consolidated
financial statements and the related notes and the discussion under the heading
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" for the year ended December 31, 2020 included in the final
prospectus dated July 28, 2021 and filed with the SEC pursuant to Rule 424(b)(4)
on July 30, 2021 (the "Final Prospectus"). It is also intended to provide you
with information that will assist you in understanding our consolidated
financial statements, the changes in key items in those...

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