Robinhood to Cut 10% of Workforce in Major Cost-Cutting Move
Reported by Reuters
Sentiment
Positive
Importance
8
Price
$99.56
Mkt Cap
$88.436B
52W Low
$63.515
52W High
$153.86
Market data snapshot near publication time
Summary
Robinhood announced a 10% reduction in its full-time workforce. This significant cost-cutting initiative follows recent reports of the company missing revenue estimates in both Q4 and Q1, as seen in news from April. The move signals management's focus on improving profitability and operational efficiency, likely to be viewed positively by investors.
At the time of this announcement, HOOD was trading at $99.56 on NASDAQ in the Finance sector, with a market capitalization of approximately $88.4B. The 52-week trading range was $63.52 to $153.86. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.
Price Chart
HOOD - Latest Insights
HOOD
Jun 16, 2026, 6:06 AM EDT
Price at Filing:
$99.56
Real-time Price:
$99.62
Change:
+$0.060 (+0.06%)
Market Cap:
$88.436B
HOOD
Jun 16, 2026, 6:00 AM EDT
Price at Filing:
$99.40
Real-time Price:
$99.62
Change:
+$0.220 (+0.22%)
Market Cap:
$88.436B
HOOD
Jun 11, 2026, 3:13 AM EDT
Price at Filing:
$85.28
Real-time Price:
$99.62
Change:
+$14.34 (+17%)
Market Cap:
$88.436B
HOOD
Jun 10, 2026, 10:33 AM EDT
Price at Filing:
$89.49
Real-time Price:
$99.62
Change:
+$10.13 (+11%)
Market Cap:
$88.436B
HOOD
Jun 10, 2026, 3:13 AM EDT
Price at Filing:
$82.97
Real-time Price:
$99.62
Change:
+$16.65 (+20%)
Market Cap:
$88.436B
HOOD
Jun 09, 2026, 4:36 PM EDT
Price at Filing:
$83.50
Real-time Price:
$99.62
Change:
+$16.12 (+19%)
Market Cap:
$88.436B
HOOD
Jun 09, 2026, 4:05 PM EDT
Price at Filing:
$83.56
Real-time Price:
$99.62
Change:
+$16.06 (+19%)
Market Cap:
$88.436B
HOOD
Jun 05, 2026, 3:13 AM EDT
Price at Filing:
$87.23
Real-time Price:
$99.62
Change:
+$12.39 (+14%)
Market Cap:
$88.436B
HOOD
Jun 04, 2026, 3:14 AM EDT
Price at Filing:
$80.76
Real-time Price:
$99.62
Change:
+$18.86 (+23%)
Market Cap:
$88.436B
HOOD
Jun 03, 2026, 6:50 PM EDT
Price at Filing:
$81.19
Real-time Price:
$99.62
Change:
+$18.43 (+23%)
Market Cap:
$88.436B