Why Robinhood is getting hammered today

The 2020-2021 trading and investing boom lifted a number of companies’ revenue growth, fundraising and narrative strength. Some of the best-known even went public on the back of a global trend that made their businesses shine. Now that shine is fading, and the value of select fintech concerns is in free-fall. The best example of […]

Unicorn 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 said that it “decided to delay its IPO due to market conditions at this time.” An IPO delay is just that, a public debut pushed […]

Public appoints first independent board members, details 2021 user growth

This morning, Public, an investment app for the American market, announced the appointment of two new board members. The startup also provided some details regarding its growth in the COVID era, a period that generated strong results for a number of services that allowed users to save and invest. Public has added Jessica Neal, former […]

AllTrails raises $150M after Covid accelerates people’s interest in exploring the outdoors

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 global private equity firm Permira to further accelerate its business. Prior investor Spectrum Equity will continue to be the company’s largest shareholder, following this transaction. […]

Wall 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 on a topic that we had to cut from our regular end-of-week show, namely crypto earnings and how Wall Street […]

Robinhood muscles deeper into Coinbase’s territory with new crypto wallet feature

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 begin testing crypto wallets for its users. The crypto wallets, which Robinhood says it will begin rolling out next month over time to users on […]

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 stunning 64.59% today. Things are fluid, but Robinhood may have been halted and then rose again when it resumed trading. Stonks indeed. […]

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, falling early before recovering to breakeven in late-morning trading. It wasn’t the debut that some expected Robinhood to have. The […]

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 together with 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! Before […]