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Peloton laying off 784 employees as it looks to reduce costs
... understand that not everyone will. Peloton shares went up more than 9% during Friday's trading session, as of the time of publication. They are down more than 60% year to date. Peloton was laid off after job cuts at companies like Walmart , Oracle and Robinhood last week. Other major companies that have laid off employees or slowed or paused hiring include Spotify , Microsoft , Meta, Twitter, Microsoft , Spotify , Netflix, Victoria 's Secret, 7-Eleven, Coinbase and Redfin .
Updated: 08/12/2022
CEO David Ko says he's not immune to economic uncertainty
... Marc Benioff and funds managed by Goldman Sachs Asset Management. The layoffs were first reported by The Wall Street Journal. Calm is the latest company to make adjustments in response to the current macroeconomic environment. Walmart , Oracle and Robinhood were among the companies that cut jobs last week. Other major companies that have laid off employees or slowed or paused hiring include Meta, Twitter, Microsoft, Spotify, Netflix , Victoria 's Secret, 7-Eleven, Coinbase and Redfin .
Updated: 08/12/2022
This meme stock surge is unlikely to last, according to strategist
... are still on shaky fundamental ground. One strategist warns that the resurgence of meme stocks is not likely to last, as the companies underlying the move are still on shaky fundamental ground. It is August, and people are focused on a lot of things, ... ... reason for the meme stock trading revival. The Roundhill Solactive Meme Stock Index , which tracks popular meme stocks such as Robinhood, Peloton , and AMC, is up a cool 15% in August. As Ihor Dusaniwsky, managing director at S 3 Partners, said: "Wall ...
Updated: 08/09/2022
AMAM, Bed Bath Beyond and GameStop among the most actively traded stocks on the platform
... the retail trading movement popular at the height of the COVID-19 epidemic, regardless of the reason for the meme stock revival. In August, the Roundhill Solactive Meme Stock Index , which tracks popular meme stocks, such as AMC , Roku, Peloton, and Robinhood, is up a cool 15%. Brian Sozzi is an anchor at Yahoo Finance and an editor-at-large. You can follow Sozzi on Twitter and LinkedIn.
Updated: 08/09/2022
Robinhood’s CEO Vlad Tenev says company needs more staffing
In April, the firm slashed 9% of its workforce, which its boss Vlad Tenev said did not go far enough Last year. We staffed many operations functions under the assumption that the heightened retail engagement we had been seeing with the stock and Cryptoculators markets in the United States In April, the firm slashed 9% of its workforce, which its boss Vlad Tenev said did not go far enough Last year. We staffed many operations functions under the assumption that the heightened retail engagement...
Updated: 08/09/2022
Robinhood is again being investigated again by regulators
Robinhood is in trouble again with government regulators. Robinhood is in trouble again with government regulators. The commission-free trading app was in hot water after the New York State financial regulator fined the Robinhood $30 million for alleged ...
Updated: 08/08/2022
Crypto-linked fintech Coinbase, Block tumbles
... year to reflect its focus onBlockchain, has lost half of its market value because of the stock market rout this year. Multiple companies in the sector were affected by the selloff of cryptocurrencies, with some seeking bankruptcy protection. The largest ... ... to deal with regulatory hurdles in the United States, the biggest market for such assets. On Tuesday, the online trading app Robinhood Markets Inc reported a 44% plunge in second-quarter earnings, a day earlier than expected, and said it would also cut ...
Updated: 08/08/2022
Robinhood gets $30 million penalty for not complying with banking regulations
New York State: The Department of Financial Services of New York State fined the $30 million online brokerage, Robinhood, for not complying with regulations governing money laundering and cybersecurity. New York State: The Department of Financial Services of New York State fined the $30 million online brokerage, Robinhood , for not complying with regulations ...
Updated: 08/06/2022
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