Robinhood shares are now 75% below last July’s IPO price after job cuts announcement, but analysts are unfazed
April 27, 2022 at 12:58 PM EDT
Shares of Robinhood Markets Inc. sank to a fresh low on Wednesday, after the online-trading platform said it's cutting 9% of its workforce after a rapid expansion that started in 2020 when stay-at-home workers started using it in droves.
