(Reuters) – Robinhood Markets Inc posted a 6% sequential increase in second quarter revenue despite a market sell-off in equities and cryptocurrencies.
Robinhood announced last quarter that it was changing the way it provided revenue projections by providing “certain limited purpose statistical and operational results on a monthly basis.”
The Menlo Park, California-based company also announced it is cutting approximately 23% of its workforce.
(Reporting by Hannah Lang in Washington)
