Jessica Alba’s Honest Company, which sells personal and baby care items, filed to go public. Honest Co. revealed in the IPO filing that it increased revenue 28% in 2020 to $300 million, while its operating loss fell by more than half to $13.5 million. About half of Honest’s revenue comes from sales done through Target, Amazon and Costco, between them, the filing showed. The company also...
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Robinhood Hits New Low Amid Crypto Selloff; Lit Protocol Connects NFT Owners
Cryptocurrencies are down from their historic highs seen in November, as is Coinbase, the leading American cryptocurrency exchange by trading volume. But Robinhood, the company operating a popular retail trading platform for both stocks and cryptocurrencies, has had the worst decline of the bunch. Bitcoin and ethereum are both down more than 45% from $69,000 and $4,800, their all-time high...
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