Robinhood’s stock drops 8% in its first day’s trading
Robinhood priced its public offering at $38 per share last night, the low end of its IPO range. The company was worth around $32 billion at that price. But once the U.S. consumer investing and trading...
View ArticleGrowth is not enough
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We were a smaller team this week, with Natasha and Alex joined by...
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Robinhood’s CFO says it was ready to go public
Robinhood priced at $38 per share this week, opened flat and closed its first day’s trading yesterday worth $34.82 per share, or a bit more than 8% underwater. The company posted a mixed picture today,...
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Extra Crunch roundup: Square buys Afterpay, paid search basics, career advice...
Square paid around a quarter of its present-day value for Afterpay, Alex Wilhelm notes in The Exchange. That seems like a lot. But was it too much? “Afterpay brings global revenues, global users and a...
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Robinhood is now a stonk
Update: Trading of Robinhood shares has been halted due to volatility. The company’s stock paused at $65.60 on Robinhood itself. Yahoo Finance has a higher $77.03 price on the company’s equity, up a...
View ArticleRobinhood buys Say Technologies for $140M to improve shareholder-company...
U.S. consumer investing and trading service Robinhood announced this morning that it will acquire Say Technologies in a $140 million cash deal. Say Technologies is a venture-backed startup, having...
View ArticleRobinhood muscles deeper into Coinbase’s territory with new crypto wallet...
The fervor around Dogecoin delivered big revenues for stock-trading app Robinhood, and the company announced Wednesday that it’s wandering deeper down the crypto rabbit hole, sharing that it will soon...
View ArticleRobinhood 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, but one that...
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Robinhood’s nasty quarter shows the ups, downs of trading incomes
Despite an impressive growth run on its way to the public markets, when Robinhood did finally price its IPO, the result was a bit slack. The consumer-friendly trading platform priced at the lower end...
View ArticleRobinhood says millions of customer names and email addresses taken in data...
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 of...
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Crypto volatility continues to flummox Wall Street
Crypto giveth, and crypto confuseth the heck out of Wall Street. In the wake of Coinbase’s earnings report yesterday afternoon, shares of the U.S. crypto exchange are off sharply this morning. What...
View ArticleWall 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...
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AllTrails raises $150M after COVID accelerates people’s interest in exploring...
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 of...
View ArticlePublic 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...
View ArticleUnicorn exits augur poorly as Justworks delays IPO, citing ‘market conditions’
Justworks, a venture-backed software startup focused on the HR market for small and medium-sized businesses, announced earlier today that it would delay its IPO. In a statement to TechCrunch, Justworks...
View ArticleWhy Robinhood is getting hammered today
Update: When we wrote this, Robinhood’s stock was off double-digit percentage points in pre-market trading, and opened under $10 per share. So, it was current as of then. Since that moment, however,...
View ArticleTiger 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 take...
View ArticleEgyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures...
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...
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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...
View ArticleRobinhood’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....
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