Robinhood to cut 23% of its workforce, revenue sinks 44%
CNN
Just months after cutting 9% of its workforce, Robinhood on Tuesday announced plans to lay off another 23%.
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 macro environment" — notably decades-high inflation coupled with a cryptocurrency crash — has reduced the company's customer trading activity and assets under custody.
With his maxi leopard print Chanel bag, the pop star issued a loud and proud proclamation that he got his hands on one of the most in-demand, status-bestowing styles of the moment.
Millions more adults should consider starting cholesterol-lowering medications earlier to reduce their risk of heart attack and stroke, according to new medical guidance.
At Paris Fashion Week, there were luxuriously plain black dresses and coats of the kind favored by Carolyn Bessette Kennedy, models strutting down runways with theatrical flourishes, and in some cases, no cellphones in sight.
Roughly one-third of respondents – equivalent to more than 82 million Americans – said they have had to cut back on at least one daily living expense to cover their health care bills, according to a new survey.
Before South African high school students complete their final exams, they first walk the red carpet, pulling out all the stops for their celebratory matriculation, or ‘matric,’ balls. The photographer Alice Mann documented the increasingly lavish dances for five years in her new book, “The Night is Young.”
The drug leucovorin was touted by the Trump administration in September as a potential treatment for thousands of children with autism. Now, some parents and guardians of children with autism say they feel abandoned by the US Food and Drug Administration’s new stance on leucovorin.
The prescription drug leucovorin is getting a label update, though it’s not what that the US Food and Drug Administration suggested might be coming during a White House briefing in September, when officials touted the drug as a potential treatment for thousands of children with autism.
With the release of “The Bride!” we asked scholars, film curators and experts in Mary Shelley’s work why so few women have tackled the Frankenstein story — and the impact that has on how we make sense of the 200-year-old tale.
In front of the Louvre Pyramid, Eileen Gu stepped out this week wearing a set of diaphanous wings — a fitting ensemble for an Olympic athlete whose sport sends her airborne.
Meagan Johnson recently spent four days calling dozens of pharmacies around Austin, Texas, trying to fill a prescription for her son, Jack.
Evidence is mounting that the wildly popular weight-loss medicines known as GLP-1s may also hold potential for treating addiction, and the field may be on the verge of obtaining desperately needed answers through more study.
Known for her blistering pace and powerful shots, the soccer player is having a Barbie made in her likeness as the toymaker names her as role model of the year.
The Screen Actors Guild Awards are back with a new name — and a thematic dress code.