Tag: robinhood
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Growth 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 Grace and Chris to sort through a week that brought together both this quarter’s earnings cycle and the Q3 IPO rush. So, it was just a little busy!…
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Robinhood prices IPO at $38 per share, valuing the online brokerage app at $32 billion
SOPA Images/Getty Images Robinhood priced its IPO at $38 per share on Wednesday, valuing the company at about $32 billion.The online brokerage app revealed surging growth in its S-1 filing amid the COVID-19 pandemic and government stimulus checks.Robinhood is set to trade on the Nasdaq under the symbol "HOOD" on Thursday.Sign up here for our…
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‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla
Drew Angerer/Getty Images May Danoff, director of the $230 billion Fidelity Contrafund, told Bloomberg that there is a”demographic issue” for mutual funds: Gen Z isn’t so interested in possessing them. “We need to appeal to the Gen Z-ers and the younger generation as well,” Danoff said.Danoff also lamented promoting a huge portion of the fund’s…