Daily Digest: Big cuts coming to Block, Nextdoor; TMG Partners names co-CEO – The TechLead

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Good morning, Bay Area. Starting the day on Wall Street, shares of Robinhood have slid 13% since Tuesday after the Menlo Park company reported a drop in trading volumes in the last quarter and fell short of the revenue marks analysts were predicting. On the flip side, shares of San Mateo-based video game developer Roblox jumped more than 17% on Wednesday after the company released third quarter results that showed the company had 70 million average daily active users, up 20% from the prior year.…

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