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Friday, June 2, 2023

Robinhood soars after 30-year-old crypto billionaire takes stake

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It’s been a brutal year for Robinhood. The twin plunges of stocks and bitcoin have crushed the online brokerage’s sales. The company also reported a loss and drop in users. The stock has plummeted 40% this year and Robinhood recently announced a big round of layoffs.

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