American entrepreneur; co-founder, chair and CEO of Robinhood
Robinhood has announced a 10% headcount reduction, affecting about 290 employees, while insisting the business has never been stronger. The move aims to flatten the organization and boost performance as markets show resilience and volume trends improve. The restructuring includes closing some open roles and is expected to incur about $20-28 million in costs.
SpaceX COO Gwynne Shotwell has donated a portion of SpaceX stock to the Trump Accounts for more than 2 million U.S. children, with emphasis on those in lower-income areas near central Texas. The move follows earlier pledges from Michael and Susan Dell and other tech giants, as the program seeds $1,000 per child and enables future retirement-style accounts. Officials say donations accelerate the accounts’ rollout.
Dell shares have surged after President Trump highlighted a $6.25 billion contribution from Michael and Susan Dell to the Trump Accounts program, a tax-advantaged education and wealth-building vehicle for children. The White House event featured executives from tech and finance, with bipartisan attention on the program’s potential to broaden access to capital and ownership.
Bloomberg reports officials are pushing for market structure rules and laws to govern emerging technologies, with a focus on ensuring the US maintains leadership and competitive edge.