Aug 7, 2021
Not All Good in the $HOOD
- Robinhood’s “Broken IPO”
- Huge mid-week rally followed by another slump
- Why the rollercoaster? Cathie Wood, convertible notes
- What went right/wrong? Is an IPO really democratizing finance for the retail investor?
BNPL Gets Squared Up
- https://www.wsj.com/articles/square-agrees-to-acquire-afterpay-for-29-billion-in-all-stock-deal-11627855390
- Square acquires Afterpay, what this says about the future of BNPL
- Other recent news from Square - making a big banking play
“You Don’t Know Jack”
- https://www.protocol.com/fintech/square-tbd-crypto-strategy
- Square launched an open developer platform for non-custodial permissionless and decentralized financial services.
- I was quoted in the article calling Dorsey “Jack” when talking about his crypto infusion into business units
Topic: Super Apps
- https://www.protocol.com/newsletters/protocol-fintech/revolut-super-app
- Is now the time for super apps in the US?
Acronym of the Week: KYC (Know Your Customer)
- Mel explains
- Recent KYC experience with LEX investment app, regtech making this easier, importance to AML and anti-terrorism
Final Thoughts
- Prop tech
- AI