$102,705.00
5.88%$2,193.83
21.04%$2.31
8.55%$625.76
3.92%$162.95
10.44%$0.999939
0.00%$0.195339
13.45%$0.761046
13.30%$0.256623
3.00%$2,188.42
20.92%$3.99
19.87%$102,710.00
6.02%$15.76
13.81%$22.18
13.38%$2,637.15
21.22%$0.290738
11.74%$0.00001424
11.31%$416.90
8.65%$0.194201
10.67%$8.83
0.15%$0.999894
-0.00%$3.19
6.12%$23.05
9.56%$94.14
4.20%$4.44
11.73%$2,188.45
20.73%$297.29
5.57%$4.49
6.05%$1.00
0.04%$2,341.25
21.05%$0.671205
14.04%$102,683.00
5.97%$0.999072
-0.12%$0.00001099
33.29%$30.32
6.26%$421.97
15.16%$6.03
24.17%$5.52
14.96%$2.73
19.42%$52.84
4.22%$1.051
-0.01%$204.95
18.44%$0.967118
10.71%$1.00
0.00%$18.45
13.55%$0.097639
4.93%$5.22
11.52%$21.77
2.78%$32.93
10.75%$0.09849
7.20%$0.754002
6.04%$12.60
13.86%$0.02885279
15.92%$4.70
11.51%$0.248946
14.05%$1.001
0.14%$102,524.00
6.03%$4.53
8.84%$1.17
0.15%$0.775942
14.02%$0.340866
26.97%$2.94
13.56%$0.224504
12.46%$4.36
0.43%$0.569164
11.60%$0.362489
16.06%$2.71
11.42%$4.38
6.63%$0.00001975
15.98%$0.9973
-0.11%$0.972236
8.78%$1.059
13.79%$1,691.60
11.72%$95.31
5.24%$10.99
1.91%$0.473452
9.43%$2.05
48.31%$170.94
10.41%$2,194.11
21.10%$0.847734
3.52%$0.01962593
2.71%$1.26
1.56%$2,279.02
20.76%$1.21
20.74%$0.076646
4.95%$0.228912
14.56%$4.30
10.98%$0.698097
16.58%$0.630482
17.21%$102,559.00
5.70%$11.13
16.52%$0.999279
-0.04%$206,650.00
114.84%$2,485.52
20.97%$0.754148
13.05%$0.102872
12.40%$1.001
0.09%$626.22
4.06%$0.00009162
19.85%$0.01396691
21.98%$0.999876
0.02%$0.958149
22.48%$209.75
10.45%$0.01757206
13.14%$14.72
1.68%$0.837319
16.62%$180.02
10.52%$2,331.08
20.85%$102,619.00
6.01%$3,317.80
-2.03%$2.76
12.39%$102,902.00
5.98%$40.00
8.96%$0.01791034
17.51%$0.791439
12.62%$101,630.00
5.37%$3,317.36
-2.18%$0.999973
-0.01%$0.625296
14.10%$0.22981
11.23%$0.31579
15.06%$0.00000075
7.07%$0.074295
38.52%$3.98
9.58%$2.24
9.70%$21.68
20.35%$0.11954
8.47%$2,291.61
20.74%$0.693298
19.85%$41.72
2.36%$0.411618
11.05%$0.997596
-0.04%$0.01868433
14.13%$0.998617
-0.04%$0.333932
11.70%$1.91
14.93%$0.594778
10.22%$2,285.60
20.62%$1.11
1.06%$0.729724
19.56%$3.65
13.32%$0.632886
25.48%$0.01012878
21.83%$20.19
31.15%$0.471101
21.79%$0.151861
10.81%$0.00574371
9.61%$110.98
0.01%$102,618.00
5.80%$0.203786
25.47%$7.79
13.39%$0.467736
7.67%$0.195058
13.30%$0.641575
13.15%$0.997913
-0.06%$102,304.00
5.96%$0.999898
-0.00%$1.37
9.77%$2,188.70
20.79%$2,325.89
20.63%$0.151104
16.16%$2,189.12
20.81%$0.0651
-1.07%$100,027.00
5.16%$0.576235
17.34%$0.00002311
8.82%$0.999898
-0.00%$0.463481
2.45%$1.83
14.40%$2,189.87
20.87%$3.81
20.86%$2,235.66
21.57%$0.00852802
13.10%$6.30
11.27%$2.74
15.82%$1.57
3.86%$0.08512
16.90%$0.00000043
3.73%$0.04427829
12.32%$0.169331
7.39%$0.091528
14.51%$0.00599314
12.43%$0.156839
4.85%$1.086
0.02%$0.249006
14.10%$0.999248
0.04%$2,188.49
20.77%$1.49
17.13%$0.000001
23.31%$43.50
11.03%$0.593107
20.28%$0.404265
11.14%$33.22
2.09%$0.03662736
6.13%$0.0042784
6.96%$0.01864691
4.47%$0.369895
2.57%$0.324202
22.79%$1.00
0.01%$0.176454
5.23%$21.48
0.46%$2,174.29
20.88%$1.00
-0.02%$0.00006382
7.88%$0.347136
19.68%$0.824113
7.07%$0.75972
15.64%$102,684.00
5.93%$0.721708
7.52%$1.00
0.19%$123.65
13.75%$0.999603
-0.05%$1.31
-11.20%$1.00
-0.01%$2,313.24
20.58%$102,273.00
5.55%$0.00307574
9.30%$1.12
43.57%$22.12
13.19%$0.522619
-1.41%$0.218398
14.91%$2.72
10.19%$0.244434
10.33%$2,412.08
21.33%$0.00000146
-0.52%$1.098
-0.11%$23.01
9.61%$0.03449176
9.27%$2,382.05
20.72%$23.08
7.50%$1.00
-0.01%$3.43
11.40%$0.56213
7.48%$3,334.83
-0.59%$0.00314318
11.43%$16.92
14.65%$2,191.60
21.02%$0.276099
8.35%$2,360.94
20.90%$3.37
19.95%$0.00360571
14.07%$23.00
9.53%$2,061.41
5.91%$0.03839719
9.55%$2,146.83
18.77%$2.78
3.88%$0.01342052
11.67%$102,925.00
6.10%Reading
Robinhood, the beleaguered stock-trading app whose gamified user interface brought crypto and “meme-stock” trading into the mainstream last year, is laying off 23 percent of its staff, the company announced Tuesday.
The decline in the value of cryptocurrencies, along with inflation, were among the causes, the company said.
Robinhood Crypto CTO Johann Kerbrat talks to Decrypt's Kate Irwin at Bitcoin Miami 2022 about Robinhood's new Lightning Network integration, potential NFT plans, and Kerbrat's personal history with crypto, including mining Bitcoin back in 2010.
It’s the second time in almost as many months that Robinhood has had to jettison staff. In April, citing similar “microenvironmental” factors, the company laid off nine percent of its employees, acknowledging that its projections and subsequent hiring spree did not ultimately square up to reality.
The company had grown around sixfold during the crypto boom lasting from 2020 to early 2022, bringing its employee count from 700 to 3,800.
Customer activity slowed, however, as crypto markets declined, and the company’s share price and revenue went kaput, both dropping by around half since this time last year, according to second-quarter earnings revealed alongside the layoffs.
That first round of layoffs “did not go far enough,” acknowledged CEO Vlad Tenev in Tuesday’s statement to employees. He added that the company now plans to introduce a “flattened” hierarchy centered around general managers, reducing “cross-functional dependencies” and duplicate roles.
“Last year, we staffed many of our operations functions under the assumption that the heightened retail engagement we had been seeing with the stock and crypto markets in the COVID era would persist into 2022,” wrote Tenev. “In this new environment, we are operating with more staffing than appropriate. As CEO, I approved and took responsibility for our ambitious staffing trajectory—this is on me.”
In April, Robinhood claimed to have around $6 billion in cash, and its growing cryptocurrency trading unit reportedly netted it $54 million in revenue that same month.
That feature, though popular, has nevertheless attracted scrutiny. On Tuesday, Robinhood was slapped with a $30 million fine by the New York Department of Financial Services; the department determined that Robinhood had failed to comply with anti-money laundering regulations required of crypto asset vendors.
Coinbase's total revenues fell 10% quarter-over-quarter and fell short of analyst expectations amid a decline in trading activity, the company said in its first quarter earnings for 2025. The crypto exchange booked $2 billion in total revenue on Thursday, below Wall Street analysts' estimates of $2.12 billion. Net income came in at $66 million, marking a 94% decrease from the fourth quarter of 2024. The company’s earnings per share shrank to $0.26 from $4.84 the previous year for the same thre...
Stripe is making a renewed push into crypto and artificial intelligence, unveiling a slate of new features at its annual user event on Wednesday in San Francisco. Two major updates include the rollout of Stablecoin Financial Accounts, which will allow businesses in 101 countries to hold balances in dollar-backed stablecoins, receive funds via crypto or traditional rails, and send stablecoins globally. It also rolled out a new Payments Foundation Model, an AI system trained on tens of billions of...
DeFi Development Corp., a publicly traded real estate software firm turned crypto holding vehicle, said Wednesday it will execute a 7-for-1 stock split later this month, capping a frenetic pivot into the Solana blockchain ecosystem that has fueled a staggering rally in its share price. The split, approved by the board and pending regulatory steps, will take effect May 20. Shareholders of record as of May 19 will receive six additional shares for each share they hold, increasing outstanding shar...
