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Robinwho? This will be one of the most closely watched IPO’s of 2021

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Whether you agree with what they do or not – The Robinhood IPO is set to be one of the most closely watched of the year

The Online brokerage offering that loves disrupting the market is offering around 55 million shares between 38 and 42 US dollars as they aim to raise more than 2.3 billion.

The founders have filled out most of the papwerwork and plans to list the stocks on the Nasdaq under the symbol known as “HOOD”

The company expects to report second-quarter revenue between $546 million and $574 million, more than double what it generated a year earlier.

The number of funded Robinhood accounts increased by 4.5 million between the end of March and the end of June, reaching 22.5 million in total.

Robinhood last sold shares to startup investors in 2020 at a nearly $12 billion valuation.

Robinhood also said it estimated it has 22.5m funded accounts, up from 18m in the first quarter of 2021.

Major banks including Goldman Sachs and JP Morgan are underwriting the deal

Robinhood’s registered users have doubles since the start of 2021 to around 31 millions

Their mission is to “democratise finance for all and the median age of their users is 31 years of age.

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IRS to require facial recognition in order to file and pay taxes

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A major shake-up is coming to the way US citizens file their taxes

Citizens that file their taxes online tax will soon be required to submit a selfie to a third-party identity verification company using facial recognition tech in order to file their taxes or make IRS payments online.

According to Gizmodo, from this summer, online users with an IRS.gov account will no longer be able to log in with a simple username and password.

The new process will instead involve facial recognition. Users will need to provide a government identification document, a selfie, and copies of their bills to Virginian-based identity verification firm ID.me to confirm who they are.

That change, first noticed by Krebs on Security, marks a major shift for the IRS which previously allowed users to file their taxes without submitting personal biometric data.

Gizmodo reports that a statement from an IRS spokesperson said users can still receive basic information from the IRS website without logging in, however the representative added they would need to sign in through ID.me to make and view payments, access tax records, view or create payment plans, manage communications preference, or view tax authorisations.

Users attempting to log in to their accounts using ID.me will have to create an account with the company by uploading either a driver’s license, passport, or passport card.

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The international airlines suspending US flights

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Emirates has announced that it is suspending a majority of flights to the United States due to the planned launch of 5G

Flights are suspended to all destinations in the United States, except major cities including Los Angeles, New York and Washington.

Due to operational concerns associated with the planned deployment of 5G mobile network services in the US at certain airports

EMIRATES SAID in a memo to employees

Air India, All Nippon Airways, and Japan Airlines, have all suspended most routes to the United States as well.

This follows the world’s largest telecommunications company AT&T announcing it will delay the implementation of its 5G service at some airports in the United States.

This is all in response to CEOs of America’s largest airlines warning of a major disruption to travel and shipping if the service is rolled out. 

In an open letter, the executives call for 5G technology to be limited near US airports.

In the statement, the CEOs are requesting a limit on 5G within 2 miles of airport runways as defined by the FAA

It says “Immediate intervention is needed to avoid significant operational disruption to air passengers, shippers, supply chain and delivery of needed medical supplies”.

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Airline CEOs warn of major 5G disruption near airports

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CEO’s of America’s largest airlines are warning of a major disruption to travel and shipping

They’re calling for 5G technology to be limited near U.S airports

In an open letter also signed by shipping giants FedEec and UPS, the CEO’s wrote with urgency to request a limit on 5G within 2 miles of airport runways as defined by the FAA

The say that “Immediate intervention is needed to avoid significant operational disruption to air passengers, shippers, supply chain and delivery of needed medical supplies”

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