Robinhood (HOOD) stock has been on a downtrend since its IPO in July of last year. The financial services company, which aims to “democratize finance for all,” also recently produced a lackluster earn...
Tag: Robinhood
Buffett Blasts Wall Street as a Casino; Munger Attacks Robinhood
Wall Street’s encouragement of investors taking speculative and highly risky moves in their investments have made it more of a “gambling parlor,” Berkshire Hathaway CEO Warren Buffet...
Berkshire Hathaway’s Charlie Munger Takes Another Swipe at Robinhood
Charlie Munger’s opinion of Robinhood HOOD -2.82% Markets Inc. hasn’t improved in the past year. If anything, it has become more negative. “It was pretty obvious that something like that was going to ...
Robinhood As Well As Anon Whale Squandered 506.2 Million DOGE, As Per A Study
By account of its own clients, Robinhood owns 42,157,488,061 DOGE. This amounts to $4,945,874,342 – or 31.78 percent of all Dogecoin in circulation. In other developments, the Bitcoin of America ATM c...
Robinhood Trading App Is “Unraveling” for “Disgusting” Activities, Says Charlie Munger
Tomiwabold Olajide Robinhood declared that its cryptocurrency business had achieved tremendous progress in Q1, 2022 Charlie Munger, Warren Buffett’s right-hand man and Berkshire Hathaway vice ch...
Warren Buffett Cautions Against Stock Market ‘Casino’ As Charlie Munger Slams Robinhood
Warren Buffett and Charlie Munger took questions for five hours Sunday and gave no indication of any plans to retire. AFP via Getty Images A year after Warren Buffett first warned that Robinhood was e...
Charlie Munger says Robinhood is justly ‘unraveling’ for ‘disgusting’ practices
Berkshire Hathaway Vice Chairman Charlie Munger blasted stock trading app Robinhood on Saturday, saying the company is now “unraveling.” “It’s so easy to overdo a good idea. &#...
Charlie Munger on Robinhood stock crash: ‘God is getting just’
Berkshire Hathaway Vice Chairman Charlie Munger did some kicking of a downed dog on Saturday. “Wasn’t that pretty obvious that something like that was going to happen?” Munger said d...
Robinhood makes significant strides in crypto business in Q1 despite falling revenue
On April 28, discount-brokerage platform Robinhood published its financial results for the first quarter of 2022. Year-over-year, the firm’s net revenue declined by 43% to $299 million. Specific...
Robinhood Has a Crypto Trading Problem. It Might Soon Be Coinbase’s, Too.
Text size Robinhood reported a significant slowdown in trading volumes in the first three months of 2022. Dennizn/Dreamstime Trading platform Robinhood Markets experienced a stark decline in market ac...
Robinhood Losses Spell The End Of An Era For Young Investors Who’ve Never Traded Through A Downturn
Jamel Toppin for Forbes The meme generation meets a potential bear market for the first time No trading platform has so exemplified an era like Robinhood, the do-it-yourself app that enabled so many y...
Robinhood shares are down 12% in premarket: what happened
Robinhood Markets Inc (NASDAQ: HOOD) shares are down 12% in premarket trading on Friday after the fintech company reported weaker-than-expected results for its fiscal Q1 as macroeconomic headwinds wei...
Robinhood, Amazon, Apple, Roku and more
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDer...
Robinhood’s Q1 Revenue Tumbles 43%, Narrowed Losses
Robinhood (Nasdaq: HOOD) announced a 43 percent decline in its total net revenue for the first quarter of 2022 as retail trading demand dropped drastically. The quarterly revenue figure came in at $29...
Robinhood Shares Crater After Dismal Earnings, Monthly Active Users Fall 10% From A Year Ago
Topline Shares of stock trading app Robinhood tanked roughly 8% late on Thursday after the company reported dismal first quarter earnings which showed that the platform lost over a million users and r...
Amazon, Apple, Robinhood and more
An Amazon truck is seen entering the LDJ5 Amazon Sort Center on April 25, 2022 in New York City. Michael M. Santiago | Getty Images Check out the companies making headlines in extended trading. Amazon...
Robinhood to Lay Off 9% of Employees as Growth Slows
Brokerage app Robinhood is laying off 9% of its workforce, according to a statement from CEO Vlad Tenev today. Tenev called the decision “necessary,” citing a change in Robinhood customers...
Robinhood announces layoffs ahead of first-quarter earnings release
Brokerage app company Robinhood has laid off “approximately 9%” of its global staff, according to a blog post from the firm’s CEO Vlad Tenev. In the post, Tenev cited a period of sig...
As The Stock Drops To An All Time Low Robinhood Fires Nearly One Out Of Every Ten Employees
Robinhood’s overall revenue was $1.82 billion, up 89 percent from 2020, and money produced from crypto services contributed significantly to the company’s success. The drop is part of a longer-term ne...
RobinHood Cuts Down Personnel, Stock Price Plunges To New Low
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Layoffs in sight for Robinhood
The CEO of Robinhood, the popular stock market investment app, has announced that the company is laying off 9% of its workforce. Robinhood, laying off 9% of human resources Robinhood fires around 300 ...
Robinhood to Get Rid of 9% of Its Staff after Stocks Tank
When talking about the future, Robinhood claimed that while this was a carefully decided move. Brokerage company Robinhood has disclosed layoffs for almost nine percent of its staff after a firesale r...
Robinhood’s Troubles Could Get Worse As Stock Hits Record Low Amid Layoffs And Looming Quarterly Earnings
Topline Shares of stock trading app Robinhood lost roughly 4% on Wednesday—hitting a new record low—after the company laid off a chunk of its workforce, with analysts warning that troubles could still...
Robinhood Lays off Staff as Stock Price Slumps to New Low
Robinhood is axing 9% of its 3,800-strong workforce as retail investment declines and zero-fee stock trading becomes the industry norm. Once seen as a champion of small investors largely ignored by tr...
Robinhood Stock Prices Plummet Following Firing 9% of Workforce
6 hours ago | 2 mins read Editors News Crypto accounted for 41% of Robinhood’s overall income in Q2 2021. The price of HOOD has been declining steadily in a negative trend. Following the firing of 9% ...
Robinhood Lays Off 9% Workforce, Shares drop
Robinhood is laying off 9% of its full-time workforce, CEO Vlad Tenev announced, as the shares of the company’s stock hit a new low. Tenev, in a blog post, said that the lay-offs came after a he...
Some 340 Robinhood Employees Are About To Lose Their Jobs – Here’s Why
Robinhood, the app that popularized free one-click stock and crypto trading, revealed on Tuesday that it would lay off roughly 340 full-time employees, or around 9% of the 3,800 workforce. The move, a...
Robinhood Shares Fall as Company Fires 9% of Full-Time Employees
Vlad Tenev – co-founder of the Robinhood trading app – announced on Tuesday that the company is letting go of 9% of its full-time employees. The company’s share price fell shortly afterward to just $1...
Robinhood dismiss 9% of its employees
TL; DR Breakdown Robinhood axes 9% of its staff The company housed more than 3,700 staff Robinhood plans big for the future Robinhood, a famous retail trading company, has announced that it has axed a...