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Cryptocurrency News

Robinhood axes almost 1 in 10 staff members as stock hits all-time low

04/27/2022

Less than a minute

2022.04.27 08:11

Popular retail trading platform Robinhood (NASDAQ:HOOD) 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) launch in mid-2021.