lensa ai Lensa AI Avatar App Raises Alarms Over Nonconsensual Image Generation The popular Lensa AI avatar app faces intense scrutiny after users discover it generates nonconsensual explicit images with minimal effort. Meanwhile, Robinhood launches a unique 1% match retirement account for gig workers.
amazon Amazon Acquires iRobot as Bolt Mobility Abruptly Vanishes TechCrunch's top stories this week include Amazon's $1.7 billion purchase of iRobot and the sudden disappearance of Bolt Mobility's scooter fleets. Meanwhile, Y Combinator scales back its massive startup batches and Robinhood cuts another 23% of its staff.
robinhood Robinhood Cuts 23% of Staff as CEO Admits 2021 Over-Hiring Mistake Robinhood lays off over 700 employees, just months after an initial round of job cuts. CEO Vlad Tenev takes full responsibility for over-hiring during the 2021 market boom.
robinhood Robinhood Stock Falls 8% in Nasdaq Debut Despite $29 Billion Valuation Robinhood starts trading on the Nasdaq under the ticker HOOD but closes down more than 8 percent on its first day. The popular trading app raises close to $2 billion while facing scrutiny over recent volatility-driven losses.
robinhood Robinhood Shares Tumble During Rocky First Day of Public Trading The popular trading app Robinhood experiences a shaky debut on the stock market as its share price drops well below the initial IPO price.
robinhood Robinhood IPO Filing Reveals Deep Reliance on Meme Crypto and Trading Data Robinhood files for its highly anticipated IPO on the Nasdaq under the ticker HOOD, exposing 18 million funded accounts and massive revenue ties to Dogecoin. The regulatory filing highlights significant business risks tied to market frenzies and payment for order flow.
robinhood Robinhood Files for Initial Public Offering on Nasdaq Under Ticker HOOD Robinhood Markets officially submits its S-1 registration to the SEC, taking a major step toward going public. The popular trading platform plans to list its Class A common stock on the Nasdaq.
gamestop Reddit Triggers Massive GameStop Short Squeeze Costing Wall Street Billions Amateur traders on the Reddit forum Wallstreetbets use easy trading apps to drive GameStop shares up nearly 2,000%, causing massive losses for hedge funds. The viral movement now targets other struggling companies like AMC and Blackberry.
dogecoin Dogecoin Surges As Elon Musk Prepares For Saturday Night Live Dogecoin experiences a massive price spike and temporarily breaks Robinhood's app as investors anticipate Elon Musk's upcoming SNL hosting gig.
dogecoin Dogecoin Surges 30% Ahead of Elon Musk's Saturday Night Live Appearance Dogecoin experiences a massive 30% price jump as traders anticipate Elon Musk's upcoming Saturday Night Live hosting gig. The meme-inspired cryptocurrency sees a staggering 11,000% gain this year thanks to celebrity endorsements and social media hype.
coinbase Coinbase Public Debut Sparks Predictions of Crypto Innovation Wave Coinbase enters the public market via a direct listing, a move investors compare to the early days of the internet. The milestone occurs as cryptocurrency market capitalization reaches $2 trillion and competition from platforms like Robinhood intensifies.
robinhood Robinhood Restrictions Expose Flaws in Democratized Finance Robinhood faces severe backlash after limiting GameStop trades, pushing retail investors toward decentralized platforms and exposing deep conflicts of interest.
robinhood Robinhood Blames Tenfold Deposit Hike for GameStop Trade Limits Robinhood restricts purchases of volatile stocks like GameStop due to a massive increase in clearinghouse deposit requirements. The popular trading app currently limits customers to buying just one share of the viral video game retailer.
gamestop Reddit Traders Trigger Historic GameStop Rally, Disrupting Wall Street Amateur investors on Reddit's WallStreetBets forum drive a massive 1,625% monthly surge in GameStop stock, forcing hedge funds to cover short positions and compelling Robinhood to restrict trading.
robinhood Robinhood Tightens Trading Limits on GameStop and 50 Other Stocks Robinhood drastically tightens trading restrictions, limiting users to purchasing just one share of GameStop while expanding its restricted list to 50 tickers.