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Robinhood Takes Drastic Measure Amid Plummeting Stock Prices

Posted by Amanda Breen on Thursday, April 28, 2022, In : #WATCHLiST 

Us

. consumer investing and trading service company Robinhood once enjoyed unicorn status, then went public at $38 per share in July 2021, reaching $85 per share at its peak. But that value has since tumbled below $10 per share, and on Tuesday, CEO Vlad Tenev announced that the company would lay off 9% of its full-time employees.

 
Per ReutersRobinhood had 3,400 employees earlier this year, and while the report didn't distinguish between full-time and contract employees, according to TechCrunc...

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