Money Talks: Robinhood and the merry mob
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 28 July 2021
⏱️ 30 minutes
🧾️ Download transcript
Summary
The trading app brought retail investing to the public—now it is going public via its retail investors. Our Wall Street correspondent reports from inside its unusual IPO. Plus, as food prices soar, big agriculture is having a bumper year. How long can it last? And lessons from the history books for a new age of central banking. Patrick Lane hosts
Subscribers to The Economist can join John O’Sullivan, Buttonwood columnist, and Alice Fulwood, Wall Street correspondent, on July 29th for a live event unpicking the inner workings of financial markets and how to make sense of them. Register and submit your questions at economist.com/marketsevent
For full access to print, digital and audio editions as well as exclusive live events, subscribe to The Economist at economist.com/podcastoffer
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Imagine you, you in a nice comfy seat with your hands behind your head, |
| 0:07.6 | taking in the views, instead of taking on the road, maybe even taking a nap. |
| 0:13.6 | That's the bliss of getting where you need to go without worrying about driving. |
| 0:19.2 | Hook your train journey by at AvantiWestcoast.co.uk and we'll take you there. |
| 0:24.4 | Avanti West Coast. Feel good travel. |
| 0:38.4 | You're listening to Money Talks from the Economist, our weekly podcast on the markets, |
| 0:43.2 | the economy and the world of business. |
| 0:46.4 | Mind Patrick Lane. And coming up on today's show, as food prices soar, |
| 0:51.7 | big agriculture is having a field day. How long will it last? |
| 0:57.0 | They're combined with profits double to 4.5 billion dollars last year. |
| 1:01.4 | And strong quarterly results this week suggest that they'll do even better this year. |
| 1:05.7 | And we find lessons from the history books for a new age of central banking. |
| 1:10.8 | Monetary and fiscal policy have been separated for a reason. |
| 1:15.0 | There are quite big risks when they start to get mixed up. |
| 1:32.5 | But first, the brokerage app Robinhood says its mission is to democratise investing. |
| 1:38.7 | It's now going public in fitting style, listing on the NASDAQ tomorrow July 29th. |
| 1:45.4 | The usual cost of institutional investors have been able to buy shares in Robinhood's IPO |
| 1:50.5 | as they normally do. But, and this is the novel bit, the company is also selling a third of it |
| 1:57.1 | shares to its own customers through its own retail trading platform. |
| 2:01.8 | It has been quite exciting to be on the inside of one of these IPO processes for once. |
| 2:07.7 | Our Wall Street correspondent Alice Fullwood has reported on a fair few IPOs, |
| 2:12.1 | but she's less used to being able to participate in one directly. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.