Robinhood’s audience appears to be shrinking. The stock trading app’s number of active users and app downloads tanked in the third quarter, according to a research report published by JPMorgan Chase & Co., citing Apptopia data. Robinhood’s app downloads, which is a proxy for account openings, was down 78% in the third quarter from the second quarter, while the number of daily active users...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Creator Economy Summit
Announcing the Creator Economy Summit Masterclasses 2022
We’re excited to see everyone on May 25 at The Information’s second annual Creator Economy Summit. Our masterclass breakout sessions are an important part of the Summit. At this year’s event, we’ll have three sets of 45-minute masterclasses. Here is a preview of this year’s topics. For group ticket information, please email [email protected] 10:15...
Zoom Shares Jump After Strong Earnings Report, Forecast
Klarna to Cut 10% of Global Workforce
Mark Zuckerberg Sued by D.C. Attorney General Over Cambridge Analytica Scandal
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Data Point Entertainment
Netflix Cancellations Rise Among Long-Standing Subscribers
The Big Read Crypto
Panic at the Discord
The crypto party was as raucous as ever—and then someone turned on the lights. After a year of record-high token prices and newfound support from legacy financial institutions like Fidelity and BlackRock, reality bit hard the second week of May when the algorithmic stablecoin terraUSD (known as UST) crashed, taking down some $400 billion in crypto market cap with it.
Coinbase Slashes Costs, Freezes Hiring Amid Crypto Crash
Cryptocurrency trading firm Coinbase, whose revenue has shrunk amid a downturn in the sector, is pausing new business projects, freezing hiring for two weeks and aiming to slash its cloud spending on Amazon Web Services, among other cost-cutting measures, according to a pair of internal emails sent to employees this week and viewed by The Information.