Robinhood Shares Jump 13% On Optimism Over Cost-Saving Moves - Forbes

The rise comes a day after the company reported a sharp slowdown in trading activity and a net loss in the second quarter, and announced it would let go 23% of its employees.

Shares of Robinhood rose 13.1% Wednesday to $10.44, a three-month high, a day after the online brokerage released dismal earnings and announced it was laying off nearly a quarter of its workers. A … [+2424 chars]

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