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Wave of tech layoffs, Robinhood earnings, what makes a great CEO & more | E1603
This Week in Startups
Is Subscription a Good Idea?
Robinhood is a stock trading company that has gone from 20 million monthly actives to 12, I believe. The key takeaway here is Robinhood is to first find revenue. If you don't have a lot of order flow because the market's down and maybe people don't want to trade as much,. You go from whatever 20 million daily actives down to 12 or less. And this is why Robinhood got an advantage when they hit all these troubles in the crypto market like they did today. Cal: What do you suggest we do next? J-Lo: We're looking for qualified international developers without the crazy time differences - REVELO.com slash twist and mention twist!
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