Robinhood Markets set the preliminary pricing range for its initial public offering at between $38 and $42 a share, valuing the company at the midpoint of that range at about $33 billion, according to a securities filing on Monday. That tentative pricing is below the highest price that Robinhood shares have fetched on the private market, around $60, as The Information has previously reported....
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Why the Press Could Fail
As a news entrepreneur, I’ve spent most of the last eight years focused on the business model challenges to our industry, which have been seismic. I’ve argued, again and again, that quality journalism won’t survive unless publishers stop trying to game algorithms for ad dollars and start holding themselves to a higher bar: journalism worth paying for.But another less-discussed challenge is...
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