Robinhood to let users lend out their shares in its attempt to diversify revenue

Trading platform Robinhood is launching a feature that will allow its users to lend out their stocks in hopes of earning passive, recurring income from borrowers, the company announced today. Robinhood says the feature is currently being rolled out and will be available to all customers by the end of the month.
The news comes just after a tough quarter for the company during which it laid off 9 percent of its full-time staff. Robinhood makes nearly three-quarters of its revenue from transactions, and that revenue stream has been falling steadily since last year as trading activity has cooled.

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