Robinhood Holds Firm Amid Speculation about Being Sold

Things are not looking good for Robinhood. The heads of rival institutions like FTX’s Sam Bankman-Fried have already purchased shares in the once-hot retail investment fintech, and recently the company announced that it would be laying off just shy of a quarter of its workforce in response to a shrinking user base and 40% dip in year-over-year revenue growth...