Meme Stock’s Revenge: Robinhood Lays Off 23% of its Staff
The popular stock trading platform Robinhood, made infamous during the meme stock craze, is reportedly laying off about a quarter of its staff, according to company CEO Vlad Tenev.

The popular stock trading platform Robinhood, made infamous during the meme stock craze, is reportedly laying off about a quarter of its staff, according to company CEO Vlad Tenev.
Some of the meme stock traders see the decline as justice for Robinhood’s blocking trades of GameStop earlier this year.
A London hedge fund that bet against GameStop has become one of the first casualties in the populist internet revolt against Wall Street.
Shares doubled on Wednesday after the company announced a new program to directly connect with its investors.