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Robinhood is cutting jobs, reorganizing teams, and focusing on credit cards to solve a shrinking user base, insiders say (www.businessinsider.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Robinhood is cutting jobs, reorganizing teams, and focusing on credit cards to solve a shrinking user base, insiders say::Robinhood is reorganizing and its future in credit cards was discussed in all-employee meeting, insiders say.

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[–] Voroxpete@sh.itjust.works 29 points 1 year ago

I believe in that particular case the blame most likely lay with the private equity firm that owned Robinhood, which stood to take huge losses if the short squeeze had worked.

Doesn't change your point though, burn the motherfuckers down even if they are only a goon for the real villain.