‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss
Online brokerage Robinhood will lay off nearly a quarter of its employees, citing a continued deterioration of the macro environment and a broad crypto market crash. The bad news came in a blog post on August 2 from cofounder and CEO Vlad Tenev, on the same day it released tepid Q2 financial results, while the […]
Robinhood axes almost 1 in 10 staff members as stock hits all-time low
Popular retail trading platform Robinhood has fired 9% of its workforce amid a firesale of its stock that has seen HOOD plunge to all-time lows. In the past 30 days alone, HOOD has tanked roughly 38% to sit at $9.99 at the time of writing, marking the lowest price since the initial public offering (IPO) […]
Robinhood crypto wallet waitlist hits 1 million people
More than 1 million people are on the waitlist for Robinhood’s long-awaited crypto wallet according to CEO Vlad Tenev Speaking to Jim Cramer during CNBC’s Disruptor 50 summit on Oct. 21, Tenev stated that was very “proud” of Robinhood’s progress in crypto, as he highlighted the firm’s recent push to provide a crypto wallet for […]
6M noobs have bought coins on Robinhood Crypto already in 2021
Retail-focused trading app Robinhood has revealed the number of new monthly customers buying from its crypto platform this year is 15 times the 2020 average. According to the company’s new report, “Crypto Goes Mainstream,”more than three million new users purchased from Robinhood Crypto in January, with more than 2.9 million new users having bought crypto […]