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Robinhood announces it will close 5 offices

Yahoo Finance Live anchors discuss Robinhood’s restructuring plans.

Video transcript

JULIE HYMAN: All right, let's get to Robinhood here. Watching shares of that company after the news that it's going to be closing five of its offices. This coming on top of closures announced in August as part of a restructuring. And these closures for the trading platform operator will result in charges of about $45 billion. So, you know, latest that we're hearing in terms of cutbacks.