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Robinhood files for IPO after turbulent past year
Robinhood, the online brokerage firm, has filed for an IPO with strong financials despite facing criticism for outages and poor communication around options trading risks. The fintech firm reported significant growth, including 18 million funded accounts, monthly active users doubling to 17 million, and $522 million in revenue in Q1 2021, up 4x compared to the previous year.
Clips
The guest and host engage in a conversation on political beliefs and labeling, particularly in Silicon Valley.
19:12 - 20:36 (01:24)
Summary
The guest and host engage in a conversation on political beliefs and labeling, particularly in Silicon Valley.
ChapterRobinhood files for IPO after turbulent past year
EpisodeE38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes losses against big tech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Robinhood has filed their S-1 for IPO, revealing extraordinary growth, including 18 million funded accounts and $522 million in revenue in the first quarter of 2021.
20:36 - 22:47 (02:11)
Summary
Robinhood has filed their S-1 for IPO, revealing extraordinary growth, including 18 million funded accounts and $522 million in revenue in the first quarter of 2021. Despite recent controversies, the company is expected to IPO at a valuation of $50-70 billion.