$HOOD Lays Off 9% of Employees After Use Decline


TOPLINE Robinhood CEO Vlad Tenev announced Tuesday that the financial services company would lay off about 9% of its full-time employees in the wake of a drop in active users following torrid growth early in the pandemic, sending Robinhood stock plunging nearly 72% in six months.


1) $HOOD Earnings call should be interesting for those who are still long.

Down -88.82% since ATH of $85.00 last Aug:

“The layoffs come ahead of the company’s first-quarter earnings report Thursday after the closing bell.”