Trading platform Robinhood lays off nearly a quarter of staff as crypto drops

The news comes on the heels of a dire revenue report, with company shares taking a 3% tumble in extended trading

Robinhood, the trading platform that gained notoriety for allowing amateur stock investors to play the market, is laying off nearly a quarter of its staff – citing economic conditions and the crash of the cryptocurrency market.

The news it was slashing 23% of its staff came as the company posted a 44% decline in revenues on slumping trading activity, in a surprise earnings report that came one day earlier than scheduled, and sent the company’s shares down more than 3% in extended trading.

Continue reading…

Subscribe
Notify of
guest
9 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
paus4d
paus4d
1 year ago

This article is very informative and taught me new things about the topic.

ISOTOTO
ISOTOTO
6 months ago

This article is very helpful in clarifying issues that are important about the topic.

Isototo
Isototo
5 months ago

Your writing is so relatable and empathetic. It’s clear you have a deep understanding of the emotions and experiences your readers may be going through.

isototo
isototo
5 months ago

This article is very informative and helped me understand the topic better.

paus4d
paus4d
5 months ago

Thank you for sharing this valuable information.

isototo login
isototo login
4 months ago

This article is very informative and provides a lot of insight on the topic.

isototo
isototo
4 months ago

I appreciate the way you tackled this complex topic in a clear and concise manner. Well done!

paus4d
paus4d
4 months ago

I love how you highlight useful resources and references in this article.

isototo
isototo
3 months ago

Great article! You did an excellent job of explaining the topic and providing relevant examples to support your ideas.