Shares of Robinhood fell as much as 15% in after hours trading after the operator of a retail stock and cryptocurrency trading app forecast a drop in revenue as users and trading activity declined. The company reported $423 million in net losses for the fourth quarter vs. $13 million in net income in the same period a year ago as stock compensation expenses rose. Revenue rose 14% to $363...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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