I found $20 in my old pants and I’m ready to take over Robinhood
by Elizabeth Lopatto from The Verge - All Posts on (#624CR)
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?
It's time to seize the means of investing
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...