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Wave of tech layoffs, Robinhood earnings, what makes a great CEO & more | E1603
This Week in Startups
Robin Hood's Market Cap Is 11 Billion Dollars
Robin Hood's market cap is 11 billion dollars that's down 66% over the past 52 weeks down 32% year to date. The company cut 23% of its staff in August so doing a significant riff like Bill Girly says and here you have 23% moving the needle number yep definitely Robin Hood's stock is up around 10%. They're making most growth in net interest revenue which is revenue generated from lending transactions and margin loans savvy savvy.
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