Wed. 08/04 – Is Robinhood A Meme Stock Now?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 4 August 2021

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Robinhood’s shares are up so much after that busted IPO that trading had to be halted today. What gives? Also, what’s up with the rush into Buy Now Pay Later all of the sudden? Vudo will become Roku’s official video store. Superhuman raises another round. And do you need a smart soap dispenser in your life? Probably not. Metalab.com TinyCaptial.com Links: Robinhood surges as much as 81% in second day of wild trading (CNBC) Apple, Affirm to Join on Buy Now, Pay Later for Canadian Purchases (Bloomberg) WhatsApp launches its ‘View Once’ disappearing photos and videos (The Verge) New ‘Google Identity Services’ consolidate sign-in for 3rd-party apps, includes ‘One Tap’ (9to5Google) FandangoNOW and Vudu merge into a new streaming service with titles to rent, buy or stream free (TechCrunch) Blizzard’s head of HR is out (The Verge) Superhuman Raises $75 Million For Its Waitlist-Only Email Productivity App (Forbes) This $55 Amazon Smart Soap Dispenser is dumb as dirt (The Verge) Smart homes and vegetable peelers (Benedict Evans) Link to the Twitter Space reminder! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Tech Mem Right Home for Wednesday, August 4th, 2021. I'm Brian McCullough today.
0:09.0	Robin Hood's shares are up so much after that busted IPO that trading had to be halted today.
0:14.7	What gives?
0:15.7	Also, what's up with the rush in to buy now pay later?
0:19.5	Startups all the sudden, Voodoo will become Roku's official video store, Superhuman raises another round, and do you need
0:26.2	a smart soap dispenser in your life? Probably not. Here's what you missed today in the world
0:31.4	of tech.
0:37.6	Is Robin Hood a meme stock now?
0:42.0	Remember when Robin Hood Ip-P-Oed and it didn't go so well? No first day pop. pop in fact they were down on the first day of
0:44.9	trading there were some concerns about the long-term viability of Robin Hood's
0:48.5	business model of payment for order flow and all that causing some investors to blanch a bit.
0:55.0	Yeah, well, Robin Hood shares soared 65% this morning,
0:59.6	reaching $77 per share, forcing trading to be halted for a time. This is after a surge
1:06.8	yesterday thereby bringing total gains for Robin Hood across the entire week to nearly 120%.
1:16.3	So who needs a first day pop when you have a first week pop
1:20.6	because maybe you have users as Hautlers as we speculated on earlier
1:26.0	this week quoting CMBC. Robin Hood's stock is making up for its
1:30.5	lackluster debut on the Nasdaq last week the stock priced at $38 per share,
1:35.1	the low end of its offering range.
1:36.7	It opened at that price on Thursday, but then fell 8% on its first day and had largely
1:41.1	traded below that price until Tuesday when it rallied more than 24%.
1:45.9	It is unclear exactly what is driving the stock higher on Wednesday.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Amalgamated Internets, LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Amalgamated Internets, LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.