#Cathie Wood buys over M in Robinhood stock on first day

#Cathie Wood buys over $45M in Robinhood stock on first day

“#Cathie Wood buys over $45M in Robinhood stock on first day” Cathie Wood sank more than $45 million into Robinhood, apparently unshaken by the commission-free trading app’s disappointing first day of trading. Wood’s flagship $25.5 billion ARK Innovation fund purchased almost 1.3 million shares of the company on Thursday, according to ARK Investment Management’s daily…

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#Robinhood shares plummet 10 percent moments after debut

#Robinhood shares plummet 10 percent moments after debut

“#Robinhood shares plummet 10 percent moments after debut” Shares of free-trading app Robinhood dropped more than 10 percent moments after debuting on the Nasdaq stock exchange at $38 a share on Thursday. Trading in the app — known for its role in the “Reddit Rally” retail trading phenomenon that pushed shares of GameStop to new…

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#Outdoor grill-maker Weber firing up  billion IPO

#Outdoor grill-maker Weber firing up $8 billion IPO

“#Outdoor grill-maker Weber firing up $8 billion IPO” Outdoor grills maker Weber said on Tuesday it expects to raise nearly $797 million through an initial public offering in the US, targeting a valuation of more than $8 billion. The coronavirus pandemic has been an especially busy time for outdoor dining, with many consumers taking up…

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#Robinhood CEO interested in offering retirement accounts

#Robinhood CEO interested in offering retirement accounts

“#Robinhood CEO interested in offering retirement accounts” Robinhood Markets is considering launching US retirement accounts, CEO and co-founder Vlad Tenev said on Saturday in a webcast with users of its trading app looking to participate in its initial public offering, which is set to price next week. The online brokerage has about 18 million funded investment…

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#Former CBS chief Joe Ianniello launches media-focused SPAC

#Former CBS chief Joe Ianniello launches media-focused SPAC

“#Former CBS chief Joe Ianniello launches media-focused SPAC” Joe Ianniello, who ran CBS after longtime boss Les Moonves resigned in 2018 amid sexual assault allegations, is jumping into the SPAC market. Ianniello, who left CBS not long after it merged with Viacom in 2019, is launching a media-focused special-purpose acquisition company that is looking to raise…

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