Week 1, September 21 – Weekly Wrap Up
1.) PayPal Goes for Broke(rage)
2.) BAYC Bonanza
3.) ESPN Bets Big
4.) Apple’s Payment Retreat
1.) PayPal Goes for Broke(rage)
2.) BAYC Bonanza
3.) ESPN Bets Big
4.) Apple’s Payment Retreat
1.) Square Pays After
2.) Instacart Votes Blue
3.) Robinhood Rebounds
4.) Hellooo Sunshine
1.) China’s Variable Interests
2.) Delta Delays RTO
3.) HOOD Haters
4.) Tech Earnings Smash
1.) FB FTC Victory
2.) Didi IPO & Robinhood S-1
3.) Branson > Bezos?
4.) $ College Athletes $
Reflecting back on meme stock mania it’s clear that it was the breakout moment for FinTech darling Robinhood. Even after all their success to date this was different. They had 3M app downloads in January alone! Yet lost in the criticism of how they handled trading restrictions, the tense testimony on Capitol Hill, and all the rest of the noise is the reality that their breakout moment almost broke them. That’s the thing about breakout moments.
1.) I Am Not A Cat
2.) Bitcoin, Baby
3.) fLyin’ Ted
By now you know the story. Or at least a lot of it. An army of Redditors from the wallstreetbets forum, for the briefest of moments, brought Wall Street hedge funds to their knees. They engineered a decentralized yet coordinated short squeeze of brick & mortar stocks from a bygone era like GameStop, AMC, and others.
Welp, the fastest growing startup in the world is the Corona virus, pejoratively speaking. Its effects are spreading across the world more rapidly than the stock market can decide which direction it wants to go each morning of the past week and a half. There is a Robinhood pun somewhere in there but, alas, we […]