Welcome to the Tech Mem Right Home for Friday, July 2nd 2021. I'm Brian McCullough.

Today Robin Hood files for its long awaited IPO.

The Chinese government takes the shine off of D. and 3 nanometer chips and of course the weekend long read suggestions.

Here's what you miss today in the world of tech.

Well it's the end of an era in a way, this generation of tech startups to rise to prominence

during the two thousand teens.

The last big one to go out the door is going out the door Robin Hood has filed for its long-awaited IPO

and that of course brought us a bunch of news beginning with how good a business Robin Hood actually has.

To be honest, it's a bit mixed, quoting Axios. The Silicon Valley Company reports a $1.44 billion net loss on 522 million dollars in revenue for the first three months of

2021 but the entire loss was tied to a fair market value adjustment to the

convertible note financing the convertible note that Robin Hood was forced to take out early in the pandemic.

Robin Hood reported a $52 million net loss on $128 million in revenue for Q1 of 2020 and a $7.5 million profit on 959 million in revenue."

End quote.

Actually though, under those red and black numbers there's a story of serious

growth here quoting Tech Crunch. The FinTech Unicorns revenue grew from

two hundred and seventy seven point five million dollars in 2019 to nine hundred and fifty eight point5 million in 2019 to 958.8 million in 2020, which works out to around growth of

245 percent. Robin Hood expanded even more quickly in the first quarter of 2021 scaling from year

ago revenue of a hundred and twenty seven point six million dollars to five hundred and

twenty two point two million a gain of around 309%.

Those are numbers that we frankly do not often see among companies going public.

300% growth is a pre-series A metric, usually.

Two more notes on the company's financial health. First,

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