Fri. 07/02 – Robinhood’s IPO Success Depends On Doge?

Jul 2, 2021 17m

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Robinhood files for its long-awaited IPO. The Chinese government took the shine off of Didi’s recent IPO. More new features from Twitter. Is Apple the first to take advantage of 3nm chips? And, of course, the weekend longreads suggestions.

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Robinhood files for long-awaited IPO (Axios)
How Robinhood's explosive growth rate came to be (Tech Crunch)
Didi shares fall after China announces cybersecurity review just days after IPO (CNBC)
Twitter considers new features for tweeting only to friends, under different personas and more (Tech Crunch)
Apple and Intel become first to adopt TSMC's latest chip tech (Nikkei Asia)

Weekend Longreads Suggestions:

Three Weeks with iOS and iPadOS 15: Foundational Updates (Mac Stories)
Amazon Primed Andy Jassy to Be CEO. Can He Keep What Jeff Bezos Built? (Wall Street Journal)
ROBBING THE XBOX VAULT: INSIDE A $10 MILLION GIFT CARD CHEAT (Bloomberg)
‘Time and space don’t exist in the spirit world’: How psychics are embracing remote work (Los Angeles Times)
The Tin Man Gets His Heart: An Oral History of ‘Terminator 2: Judgment Day’ (The Ringer)

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AI-Generated Summary

Robinhood's IPC and Financial Growth Stories

In a significant development, Robinhood has filed for its long-awaited IPO, marking an end of an era for tech startups from the past decade. The company reported a mixed financial picture, showing a $1.44 billion net loss on $522 million in revenue for Q1 2021, which raises questions about its profitability. Despite this, Robinhood's growth remains impressive, with a staggering revenue spike from $277.5 million in 2019 to $958.8 million in 2020, highlighting a 245% annual growth. The strong contribution from cryptocurrency transactions, particularly Dogecoin, has sparked debate regarding the sustainability of revenue streams in a volatile market.

Didi's IPO Under Scrutiny

The Chinese government has dampened the celebration of Didi's recent IPO by announcing a cybersecurity review, causing the company’s shares to drop significantly. The involvement of Chinese regulatory authorities due to previous meetings with Didi about potential antitrust issues reflects a serious clampdown on technology companies in the region, raising concerns about the future of markets that were once loosely regulated.

Twitter's New Feature Experiments

Twitter is experimenting with several new features aimed at enhancing user interaction. Among these are options for tweeting exclusively to trusted friends, allowing users to tweet under various personas, and introducing language prompts to filter out negative replies. These features aim to address the complexities of tweeting while maintaining personal connections and managing public personas.

Apple and Intel Eye Three-Nanometer Chips

Apple and Intel are moving forward with TSMC's three-nanometer chip technology, aiming for increased computing performance while reducing power consumption. As Apple anticipates using these chips in its forthcoming iPads and Intel seeks to regain market share lost to competitors, the tech race continues with TSMC's cutting-edge production methods.

Weekend Long-Reads Recommendations

Listeners are provided with several engaging long-read articles to enjoy over the weekend. Suggestions include a review of the iOS and iPadOS 15 updates by Federico Vitticci, a profile on Andy Jassy taking over as Amazon's CEO, an inside story on a massive Xbox gift card scam, and insights into how psychics are leveraging technology to adapt in a post-pandemic world.