robinhoodmarkets
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Stock trading platform Robinhood Markets Inc (NASDAQ:HOOD) has announced plans to slash about 23% of its global workforce. The news comes alongside a plummeting monthly active user count and disappointing second-quarter earnings results. Robinhood Announces Job CutsRobinhood CEO Vlad Tenev announced the steep job cuts in a press release on Tuesday. He said most of those cuts will come in the company’s operations, program management and marketing departments. Tenev cited the “deterioration of the macro environment with inflation at 40-year highs accompanied by a broad crypto market crash” as th...
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Following is the unofficial transcript of a CNBC exclusive interview with Robinhood Markets Inc (NASDAQ:HOOD) CEO Vlad Tenev on CNBC’s “Power Lunch” (M-F, 2PM-3PM ET) today, Tuesday, May 17. Following is a link to video on CNBC.com: Whenever People Think Crypto Is Over, People Build New Products: Robinhood CEO Vlad TenevKATE ROONEY: Alright, thanks Julia. Vlad, it’s great to see you in person. You just got off stage. We’re here at the Permissionless Conference, which is a crypto conference and we’ll get to some of the news you had out today. But it is good to see you. Thanks for joining us. Q1...
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HOOD stock is likely to come under pressure after the release of Q2 results Q2 2021 hedge fund letters, conferences and more Robinhood Markets (NASDAQ:HOOD) stock started its life as a public company on July 29 at an initial price of $38. After hitting a high of $85 during its first few days of trading, HOOD stock has swiftly plunged back to the $50 territory. It currently hovers at $47, around 25% above its initial public offering price. Investors already question whether this selloff was an early warning for HOOD shares. Robinhood will issues Q2 earnings on Aug. 18, its first such announceme...
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