Hi and welcome back to our regular morning look at personal business, public markets and the gray space in between.
The other day news broke that Robinhood is on the hunt for brand-new capital at an approximately flat appraisal, per pal of the blog Katie Roofing system. If you are a bit puzzled by the news, I comprehend. Robinhood went through an onslaught of bad press and user complaints after it suffered from some embarrassing downtime back in March, and isn’t the capital market for private companies in rough shape!.
?. !? However the round is more sensible than you ‘d believe, namely due to the fact that Robinhood’s earnings has reached real scale, and, like other cost savings and investing-focused monetary applications, it’s taking pleasure in a boom in need. Revealing that there’s buzz in helping people save, let’s discuss Robinhood briefly and dig into some other metrics from its loose associate of companies (consisting of M1 Finance, more about them in a minute).
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.