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.
Researchers are uncovering deeper insights into how the human brain ages and what factors may be tied to successful cognitive aging ((is successful the best word to use? seems like we’ll all do it successfully but for some people it may be healthier or gentler or slower?)), including exercising, avoiding tobacco, speaking a second language or even playing a musical instrument.
Chanel presented its Cruise 2024-2025 collection in Hong Kong on Tuesday, with a mix of light tweed suits, chic diving hoods and summery white dresses transporting guests to what the French label described as an “underwater reverie.”
The holiday season is nearly upon us and it’s easy for a child’s sweet tooth go wild. However, new research shows that it may be beneficial to cut back how much sugar young children consume.
Kardashian debuted a cultural artifact at Saturday’s LACMA Art+Film Gala – a diamond-lined cross pendant, once a favorite of Princess Diana.
She has been a UNICEF ambassador, a special envoy for Japan’s Foreign Ministry and the subject of themed restaurants, cafes, two amusement parks and even a maternity hospital.
Robert F. Kennedy Jr. waded into another scientific debate on Saturday by saying Donald Trump’s administration would advise that fluoride be removed from the country’s water supplies if the former president wins Tuesday’s presidential election.
Scientists say the fact that these cases were linked and solved so quickly makes it a noteworthy win.
The most hotly anticipated costume of the spooky season is here — and the “Queen of Halloween” didn’t disappoint.