Robinhood

Robinhood’s sinking value is proof that ‘free’ can often be very costly

As it turns out, not charging for what was once a paid service is a great way to accrete customers, but it's also an at-times tricky way of making money.

Does it smell like teen spirit, or teen bankruptcy?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This was a live week! Which meant that Mary Ann Azevedo was on

Consumer fintech trading revenues don’t measure up to SaaS ARR

Many things want to be considered SaaS. Few are.

Robinhood to lay off 9% of full-time employees

Robinhood’s layoff announcement comes days before the company is expected to report its Q1 2022 financial performance.

Pandemic-fueled companies are finding the new reality hard to swallow

Could it be that companies that fell out of favor due to COVID-induced shifts in the economy are best prepared to excel this year?

Lightning Labs raises funding to enable stablecoin transfers through Bitcoin network

Lightning Labs is building infrastructure that would enable users to send money across the world almost instantaneously and at a low cost through the Bitcoin network. The company just raised funding t

A look at all 35 international fintech startups at YC’s winter 2022 Demo Day

As more banking, e-commerce and insurance startups work to improve the way business is done in emerging countries, it should come as no surprise that this winter’s Y Combinator batch is rife with re

Robinhood’s stock pops 25% on news of extended trading hours

Robinhood, the popular investing app for consumers, announced on Tuesday it would extend its stock trading hours in the morning and in the evening as it works toward its goal of 24/7 investing. Previo

Equi is building a family office for non-billionaires

The exclusive club of family offices just got one comma shorter. For the paltry sum of $350,000, or just over five times the median U.S. household income, individuals can invest with Equi in complex s

Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others

The MENA region has about 400 million people with $500 billion in annual savings. But as a relatively young population, most of them have minimal equity market and investment exposure. Replicating the

Tiger Global and Greycroft back Nigerian investment app Bamboo in $15M round

To buy a share in Amazon, you’d have to fork out almost $3,000. It’s a luxury very few can afford and despite the prospects of the trillion-dollar company or returns from its share price, it’ll

Why Robinhood is getting hammered today

As of this morning, Robinhood stock was worth around $10.85 per share, 71.5% off its IPO price, and 87.2% off its all-time highs. What happened?

Unicorn exits augur poorly as Justworks delays IPO, citing ‘market conditions’

Justworks' IPO delay indicates that the enthusiasm gap between private markets and their public analog is wide.

Public appoints first independent board members, details 2021 user growth

This morning, Public, an investment app for the U.S. market, announced the appointment of two new board members. The startup also provided some details regarding its growth in the COVID era, a period

AllTrails raises $150M after COVID accelerates people’s interest in exploring the outdoors

Following a COVID-driven boost, the popular AllTrails resource for hikers, bikers, climbers and anyone else who enjoys the outdoors, announced today it’s raised $150 million from the growth fund

Wall Street still doesn’t get crypto

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines! Friday afternoon the Equity team took to a Twitter Space to hit

Crypto volatility continues to flummox Wall Street

Public-market investors continued to underestimate how volatile the crypto market is, leaving them to over-index on gains, and over-despair on less impressive results.

Robinhood says millions of customer names and email addresses taken in data breach

Online stock trading platform Robinhood has confirmed it was hacked last week with more than five million customer email addresses and two million customer names taken, as well as a much smaller set o

Robinhood’s nasty quarter shows the ups, downs of trading incomes

Robinhood's crypto revenues dropped like a stone. And that matters quite a lot for other companies.

Robinhood finally brings on-demand phone support to all of its users

Robinhood announced Tuesday that it will be bringing “24/7” phone support to its 31 million users. It’s a long-overdue move for the stock and crypto trading company founded in 2013,
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