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

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

2 years ago
Anonymous $33nAR-2OaA

https://www.theguardian.com/us-news/2022/aug/02/robinhood-lay-offs-crypto-crash

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.

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

Aug 3, 2022, 8:23am UTC
https://www.theguardian.com/us-news/2022/aug/02/robinhood-lay-offs-crypto-crash > 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.