Tech Brew Ride Home Wed. 08/04 – Is Robinhood A Meme Stock Now?
Aug 4, 2021
Robinhood's stock soared 81% post-IPO, prompting trading halts and sparking discussions about retail investor frenzy. Buy Now Pay Later services are in the spotlight, with Apple launching its version in Canada. Meanwhile, Vudu merges with Fandango, becoming Roku’s go-to video store. Superhuman continues to innovate in email productivity, while an analysis of Amazon's smart soap dispenser reveals it might not be a necessity. Plus, Activision Blizzard faces leadership turmoil amid serious allegations.
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Robinhood's Resurgence
- Robinhood's stock surged after a lackluster IPO, halting trading.
- Retail investors and Cathie Wood's ARK Invest fueled the surge, making it a potential meme stock.
Buy Now Pay Later Boom
- Apple partners with Affirm for a buy-now-pay-later program in Canada for Apple products.
- This raises questions about the booming BNPL sector's economics and investor appeal.
WhatsApp's Disappearing Media
- WhatsApp introduces a "view once" feature for disappearing photos and videos.
- Recipients can only view the media once, but screenshots remain a concern.