Robinhood is nearly $300 million down, lays off a quarter of its staff, and gets hit with $30 million fine
Starting with the staff-cut news, company CEO and co-founder Vlad Tenev announced that Robinhood would reduce its headcount by approximately 23% as part of a broader company reorganization into a General Manager structure.
https://www.techspot.com/news/95509-robinhood-lost-nearly-300-million-q2-lays-off.html?utm_source=dlvr.it&utm_medium=blogger
https://www.techspot.com/news/95509-robinhood-lost-nearly-300-million-q2-lays-off.html?utm_source=dlvr.it&utm_medium=blogger