Yahoo Finance Live anchors discuss Robinhood’s restructuring plans.
Opening a brokerage account and investing your money is one of the best things you can do to build wealth over time. In particular, here are the 10 top investments made by Robinhood users. Robinhood is a really popular trading app -- especially for younger people and for newer investors -- because it makes investing really easy, it has a simple trading platform, and it has a great mobile app.
Robinhood, which had already slashed 9% of its workforce in April, blaming some duplicate roles and job functions on the company's growth, said it was laying off about an additional 23% of its employees last month. The trading platform played a central role in the retail-trading frenzy during the pandemic but it has posted declines in revenue in recent months as its customer base has been spooked by rising interest rates and decades-high inflation.