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” ‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss “ Online brokerage firm 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 Tuesday blog post from…
“Robinhood slashing workforce again” Retail trading platform Robinhood Markets said Tuesday it is laying off about 23% of its employees, sending its shares down more than 3% in extended trading. The company is also changing its organizational structure to “drive greater cost discipline,” Robinhood Chief Executive Officer Vlad Tenev said in a blog post. Robinhood had already slashed 9% of its workforce…
” Data transfer network Plaid integrates 4 major crypto exchanges “ United States data transfer network Plaid has added four major cryptocurrency exchanges to its platform, giving users the ability to connect their digital asset portfolios to other applications more easily. Crypto platforms Binance.US, Gemini, Robinhood and SoFi are now supported by the Plaid network,…
“Crypto exchange FTX exploring Robinhood acquisition: report” Crypto billionaire Sam Bankman-Fried’s exchange firm FTX is reportedly exploring a possible acquisition of Robinhood – a development that sent shares of the struggling stock trading platform soaring 14% on Monday. Executives at FTX, a leading cryptocurrency exchange that rivals Coinbase and Binance internationally, are “deliberating internally” on…
” Crypto exchange FTX is looking into acquiring Robinhood: Report “ Cryptocurrency derivatives exchange FTX is reportedly exploring a takeover of Robinhood Markets, the popular trading app that introduced millions of traders to Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE). Citing people familiar with the matter, Bloomberg reported Monday that FTX is holding internal deliberations…
“Robinhood stock plummets, now worth less than cash on hand” Robinhood shares hit a new low this week that pushed the company’s market capitalization below the value of its cash on hand. The brokerage app, once a darling of the tech industry, has slumped to roughly $7 per share — an 80% decline since its…
“Elon Musk’s ‘best’ Twitter offer looks bogus” The Elon Musk-Twitter drama keeps taking sometimes bizarre, unexpected turns so whatever I write here could be moot not long after the ink dries. It’s always been dangerous to talk in absolutes about Musk. He is said to be genius-level smart but he’s done some really dumb things…
” Major crypto firms reportedly cut up to 10% of staff amid bear market “ Gemini, a cryptocurrency trading platform founded by brothers Cameron and Tyler Winklevoss, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions. Winklevoss’ crypto business Gemini Trust reportedly cut 10% of…
” FTX reportedly shopping for brokerages in preparation for stock trading “ Crypto derivatives exchange and NFT platform FTX is reportedly in the market for brokerage start-ups as part of its recently announced plans to expand support to stock trading. The firm announced last Thursday that its U.S.-based subsidiary FTX.US will be launching zero-commission stock…
” Nifty News: Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more “ Popular trading platform Robinhood is creating a noncustodial crypto wallet that will be compatible with multiple blockchains. The wallet will be a standalone application with the ability to store nonfungible tokens (NFTs) and connect to NFT marketplaces. A…