Tech

Robinhood drops after the popular trading platform announces it is cutting 9% of staff after period of rapid growth


Shares of Robinhood fell Wednesday following plans by the trading platform to reduce its workforce and recalibrate after the pandemic fueled a boom in trading by amateur investors. Stock in the company valued at around $9 billion fell as much as 5.2% to $9.48 premarket, trading around all-time lows. …

Read more at markets.businessinsider.com

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