Robinhood to cut 23% of its workforce, revenue sinks 44%

The latest cuts, which will affect 780 employees, continues a massive freefall for the once high-flying online brokerage. In a separate development Tuesday, the state of New York hit the Menlo Park, California, firm with a $30 million fine.In a blog post on the company’s website, Robinhood CEO Vlad Tenev said the “deterioration of the …

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