Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
August 3, 2022 05:51 pm

I found $20 in my old pants and Im ready to take over Robinhood




Art of the Robinhood feather logo surrounded by red
For a little spare change, this logo could be all yours | Illustration by Alex Castro / The Verge



Robinhood is trading just above $10 a share as of this publication, which is about a 73 percent decrease from its price at IPO, $38. The market cap is now under $10 billion. Friends, it’s possible. The more the shares fall, the easier it is for the memestonkers to snatch. How would a bunch of retail investors seize Robinhood? Why not use a DAO?



There’s been a lot of speculation this year — especially after the first round of layoffs, when Robinhood cut 9 percent of its staff — that the app-based trading service is an attractive takeover target. Yesterday, Robinhood cut further: almost a quarter of its remaining staff, including its showy chief product officer hire they got from Google. It also r...



Continue reading…




Original Link: https://www.theverge.com/2022/8/3/23290510/robinhood-acquisition-target-takeover-dao-lol

Share this article:    Share on Facebook
View Full Article

The Verge

The Verge is an ambitious multimedia effort founded in 2011

More About this Source Visit The Verge