Independent Solutions Wealth Management Portfolio Manager Paul Meeks discusses tech stocks that are poised to rebound, such as Amazon, Microsoft, and Alphabet, as well as the outlook for other names like Meta and Netflix. Read More...
American City Business Journals
Robinhood closes offices and offers more details on huge layoff
Robinhood said it’s closing two offices, one in Charlotte and the other in Tempe, Arizona, after laying off 23% of its workforce, or about 780 people. The company didn’t tell me why those offices were chosen for closure. The size of this week’s layoff was dramatic and underscored the challenges Robinhood (Nasdaq: HOOD) faces in the wake of its pandemic-fueled boom times when people sitting at home had plenty of time and money, thanks to government stimulus checks, to try their hand at day trading.
