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Our CEO Vlad Tenev shared the following note with our team at Robinhood today: Robinhoodies, We’ve made the difficult decision to say goodbye to some of our team members today. Those departing are being notified, and we’re offering them full support through this transition, including severance. These are good people who helped build the foundation we stand on today, and I am deeply grateful for their contributions to Robinhood. I want to be transparent about why this is happening now. Robinhood’s business has never been stronger. But to achieve the massive scale of our mission, we cannot default to operating as a heavily-layered organization. We must be a lean, hyper-focused team where every single individual is empowered to make a massive impact. Our execution is strong today, but our ambitions require us to continuously raise our own bar. To achieve that, today we are flattening our org structure and reducing our overall team size by 10% of headcount. Because our financial position is strong, we are making this change proactively. The goal is to maximize our talent density and ensure that our culture is defined by an absolute elite performance bar and a superlative commitment to our customers. This transition creates even more opportunities for our most talented people to grow and take on greater responsibility. We will also continue hiring strategically, investing heavily in top-tier talent, and utilizing frontier technologies to push our execution even further. I know it can be painful to say goodbye to teammates. It is the hardest consequence of committing uncompromisingly to our values of being “Lean & Disciplined” and demanding “High Performance.”

NEW COLLEGE GRADS HAVE HIGHER UNEMPLOYMENT THAN THE OVERALL WORKFORCE FOR THE 8TH STRAIGHT YEAR The craziest part? From 1990 to 2018, they beat the average worker for 29 straight years. Grey bars = better off. Red bars = worse off. And it's growing.

the time to pay attention to bears is over right now, there's far more value to be gained from listening to bullish individuals than bearish individuals the earlier you become cognizant of who's posting bearish takes for clicks & engagement, the earlier you'll replace it with quality content remember, we're much closer to a bottom than a top!

Literally one of the strongest coin on Solana rn