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Robinhood drops below initial IPO price – will it up?

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Robinhood has sunk in its initial public offering after failing to win over the retail investors its needs for its long-term growth

The online trading platform dropped as much as 12 percent, before rising closer to its $2.1 billion IPO

Robinhood promotes itself as the go-to platform for young millennials who are looking to crack into the share market.

It shares opened at the $38 offer price, but fell to around $35 which gave the company a $31 billion market value when you take into account employee stock and other holdings.

This figure is well below the $36 billion valuation the world was waiting for.

Analysts say the trading app had a large portion of shares allocated to retail stock buyers… and ended up selling around 25 percent of these, not the 35 percent that was set aside.

The IPO was also plagued by Reddit users, with users urging other investors to avoid Robinhood altogether.

It comes as investors may start to doubt whether or not the platform can actually deliver on its promise to “democratise” and expand access to capital markets.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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