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Shares of Robinhood fell in after-hours trade on Tuesday, after caution on crypto trading weighed on the trading app's fourth-quarter sales and the company forecast a big jump in spending for the year.
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Strategy Executive Chair Michael Saylor attempted on Tuesday to dismiss "unfounded" fears that the recent tumble in bitcoin prices would force the company to pare back its holdings, but he did acknowledge that more price volatility for the cryptocurrency, and for the company's stock, was likely.
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