Robinhood to cut 23% workforce

[ramudu]

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[bhaigan]

Looks like recession officially gone start

[Gowtham7777]

23% is too much 

[yemdoing]

1 hour ago, Gowtham7777 said:

23% is too much 

that is kachara company.. 23% is nothing 

[bhaigan]

@dasari4kntr please comment your opinion on this 

[ring_master]

Stockmarket down effect ee ga idi..ppl are not active in market 

[Piracy Raja]

1 minute ago, ring_master said:

Stockmarket down effect ee ga idi..ppl are not active in market 

anthe kada... Retail customers andaru muskuni kurchunaru ippudu 

[dasari4kntr]

36 minutes ago, bhaigan said:

@dasari4kntr please comment your opinion on this 

We cannot relate this layoff with recession…this company itself failing..this is second time layoff in this year after april 9%…

I doubt serious traders use robinhood..

2020, 2021 …people have stimulus money..most of them are non financial…they used this platform to invest their extra money…it is good platform for tiktok trading or meme trading…

and also it has some allegations…check the below one…

In ad­di­tion to slow­ing growth, Robin­hood has found it­self un­der the watch­ful eye of reg­u­la­tors. The New York State De­part-ment of Fi­nan­cial Ser­vices said Tues­day that it im­posed a $30 mil­lion fine on Robin­hood’s cryp­tocur­rency trad­ing unit for al­leged vi­o­la­tions of anti-money-laun­der­ing and cy­ber­se­cu­rity reg­u­la­tions.
 

The com­pany, mean­while, has en­coun­tered ques­tions about the fu­ture vi­a­bil­ity of part of its busi­ness model, af­ter Se­cu­ri­ties and Ex­change Com­mis­sion Chair­man Gary Gensler ear­lier this year out­lined a re­vamp of trad­ing rules that could threaten one of the key ways Robin­hood makes money.