A Congressional report released on Friday found that retail brokerage firm Robinhood understated financial pressures during last year’s meme stock craze. The report, put together by Democrats on the House Financial Services Committee, stated that the retail brokerage firm popular with meme stock traders “exhibited troubling business practices, inadequate risk management, and a culture that...
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What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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