Stock-trading app Robinhood plans to make its IPO filings public next week after confidentially filing for a U.S. public listing in March, Bloomberg reports . The company, which plans to list its shares on the Nasdaq, is targeting a June exit. Its IPO will follow the company’s biggest-ever scandal. In January, Robinhood restricted the trades of so-called “meme stocks” like GameStop after a...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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