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Robinhood Is Closing More Offices With Its Growth Plans Thwarted

Robinhood Pays $65 Million To End A Key Probe, But Others Fester
Photographer: Gabby Jones/Bloomberg

Robinhood Markets Inc. will partially or completely shutter five more offices, the latest move in a sweeping overhaul to rein in expenses as it adjusts to a sharp downturn in trading activity. 

The brokerage, which dismissed more than 1,000 employees and shut two offices earlier this year, will close the additional outposts without further job cuts, the Menlo Park, California-based company said Friday in a filing.