Robinhood Markets, the company behind the wildly popular investing app, on Wednesday priced its initial public offering at $38 a share, at the bottom of its expected range. The IPO — one of the most anticipated stock market listings of the year — values the company at about $32 billion. Robinhood sold 55 million shares …
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Venmo on Tuesday said it’s removing its global feed, meaning users will no longer be able to see payments between people they don’t know. The change comes as part of a redesign of the Venmo app, which also includes a refreshed look, new discover features and expanded privacy controls. Venmo, which is owned by PayPal, said people will still be …
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Apple is developing a new “buy now, pay later” service that’ll let customers pay for Apple Pay purchases on an installment basis over time, Bloomberg reported Tuesday. The service, dubbed Apple Pay Later, will use Goldman Sachs as the lender, unidentified sources told the news agency. Goldman Sachs has partnered with Apple on its Apple Credit credit card since 2019, …
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Popular investing app Robinhood on Thursday publicly filed with the US Securities and Exchange Commission for its initial public offering. In its S-1 filing with the SEC, the company revealed that it has about 18 million funded accounts on its platform. Robinhood was also profitable last year, generating net income of $7.45 million on net revenue of $959 million in …
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The House Financial Services Committee has announced the lineup for its GameStop hearing next week. The committee will hear testimony from Robinhood CEO Vlad Tenev, Reddit CEO Steve Huffman, Melvin Capital CEO Gabriel Plotkin, Citadel CEO Kenneth Griffin and Reddit user Keith Gill, Rep. Maxine Waters announced Friday afternoon. The virtual hearing, called “Game Stopped? Who Wins and Loses When …
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The family of a 20-year-old man filed a lawsuit against the investment Robinhood on Monday, saying its popular investment app was responsible for the student’s suicide. Alex Kearns, who was studying at the University of Nebraska-Lincoln, killed himself last June after he believed he had racked up roughly $730,000 in trading losses on the app. The distress caused by the …
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There are pros and cons to working from home. Pro: No commute and a better work-life balance. Con: Finding remote work can be difficult, in part because traditional career services and job boards haven’t quite caught up yet with the flex-work lifestyle. Flexjobs is a little different. It specializes in the remote and flexible job search market. An annual subscription …
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Whenever Apple trots out new hardware — as it did most recently with the new 13-inch MacBook Pro earlier this month — it’s only natural to look at your old hardware and think, “Time for an upgrade!” Just one problem: You’re not made of money. And you already sank a hefty chunk of it into your current MacBook. So what’s …
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