Thursday, June 8, 2023

Fintech Robinhood Fires 713

By DAC000 , in Fintech fintech bubble , at August 2, 2022 Tags:

employees in a high profile reaction to the collapse of the Fintech Bubble. About a one minute read.

Comment: although the article blames the global economic turmoil, the root cause is the overall Fintech collapse and significant withdrawal or pressure from, VC money. Reading deeper in this case, Robinhood is being pressured to produce results by early stage investors, who effectively control the company. While it’s still early to call definitely, I’m betting more cutbacks in the near future.