Robinhood Markets Inc. plans to cut its staff by 23%, citing the weakening economic environment and depressed trading activity.
The stock trading app previously said it would lay off 9% of its workforce in April, after growing too rapidly during the pandemic.

Robinhood cutting about 23% of jobs

04:17pm, Tuesday, 02'nd Aug 2022

Robinhood Lays Off 23% of Staff

04:10pm, Tuesday, 02'nd Aug 2022
The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic
Crypto companies are continuing to take note of the changing regulatory landscape around them, and Robinhood (NASDAQ: HOOD ) is no exception. In the last several years, the company has picked up sig
The fine is the latest in a series of lawsuits and alleged violations against the investing app.
The New York State Department of Financial Services (NYDFS) has fined the cryptocurrency trading unit of online brokerage Robinhood $30 million for alleged violations of anti-money laundering (AML) an

Robinhood Crypto fined $30 million by NYDFS

12:38pm, Tuesday, 02'nd Aug 2022
The New York State Department of Financial Services (NYDFS) has imposed a $30 million fine on Robinhood Crypto, the digital assets trading arm of Robinhood Markets Inc. (NASDAQ: HOOD), the regulator s
The fine comes after Robinhood allegedly violated cybersecurity and anti-money laundering regulations.
New York's top financial regulator fined the crypto arm of broker Robinhood for allegedly breaching anti-money laundering and cybersecurity rules.
Robinhood's crypto division was fined $30 million for "significant failures" in areas of anti-money laundering and cybersecurity regulations.
Robinhood (HOOD) is likely to have witnessed an increase in expenses in the second quarter of 2022.
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