Crypto

Robinhood Trims Headcount by 10% Amid Crypto Revenue Crunch

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In brief

  • Robinhood is letting go of 10% of its employees, CEO and co-founder Vlad Tenev told the company Tuesday.
  • In April, the company indicated revenue from crypto transactions had fallen 34% sequentially to $134 million from $221 million.
  • At the end of last year, the retail brokerage had…

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