Robinhood cuts nearly a quarter of its staff as the pandemic darling loses its shine

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People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood in New York City after the company went public on July 29, 2021. On Tuesday, the company said it was cutting nearly a quarter of its staff. Spencer Platt/Getty Images

Spencer Platt/Getty Images

The problems are mounting for Robinhood, a company that had big ambitions to revolutionize markets by attracting millions of amateur investors into stock trading for the first time.

On Tuesday, the company announced plans to cut

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