#Instacart taps Facebook app head as CEO ahead of expected IPO

#Instacart taps Facebook app head as CEO ahead of expected IPO

“#Instacart taps Facebook app head as CEO ahead of expected IPO” Instacart named Facebook app head Fidji Simo as its chief executive officer on Thursday, adding big tech expertise ahead of an expected stock market listing by the grocery-delivery firm. French-born Simo will replace co-founder Apoorva Mehta, who will take on the role of executive chairman…

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#Robinhood IPO faces threat of retail snub on Reddit

#Robinhood IPO faces threat of retail snub on Reddit

“#Robinhood IPO faces threat of retail snub on Reddit” Online brokerage Robinhood, which helped enable the “meme stock” frenzy earlier this year and later attracted flak for its handling of the trading mania, is facing pushback on social media forums against its initial public offering. Many individual investors are planning to shun the stock market debut,…

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#Chobani confidentially files for IPO, valuation may exceed B

#Chobani confidentially files for IPO, valuation may exceed $10B

“#Chobani confidentially files for IPO, valuation may exceed $10B” Greek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering, a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market listing. The food sector has gained investor attention over the past…

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# Robinhood’s cash cow under SEC scrutiny amid IPO filing

# Robinhood’s cash cow under SEC scrutiny amid IPO filing

“# Robinhood’s cash cow under SEC scrutiny amid IPO filing ” Trading platform Robinhood could lose a significant revenue source should the United States Securities and Exchange Commission move to ban the controversial payment for order flows (PFOF) — routing retail trading orders to market makers. Brokers like Robinhood often use the practice to offset…

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#China investigates Didi over cybersecurity days after huge IPO

#China investigates Didi over cybersecurity days after huge IPO

“#China investigates Didi over cybersecurity days after huge IPO” Didi Global’s shares fell more than 10 percent in New York on Friday after China’s cyberspace agency said it had launched an investigation into the Chinese ride-hailing giant to protect national security and the public interest. The Cyberspace Administration of China (CAC) said on its website that Didi was…

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#Robinhood files for IPO amid blockbuster pandemic growth

#Robinhood files for IPO amid blockbuster pandemic growth

“#Robinhood files for IPO amid blockbuster pandemic growth” No-fee trading app Robinhood revealed a massive $80 billion in customer assets amid blockbuster pandemic growth as it filed for its highly anticipated initial public offering on Thursday. In an S-1 filing with the Securities and Exchange Commission, the controversial app said it plans to trade under…

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