Robinhood caps a wild week for new funding, Coinbase is going public and Johnson & Johnson reveals new vaccine trial data. This is your Daily Crunch for January 29, 2021.
The big story: Robinhood raises $1B
I know the newsletter has been dominated by Robinhood and stock market news for the past few days but, well, so have the headlines.
The latest news is that after reportedly tapping its credit lines, Robinhood raised $1 billion in new funding from existing investors. It seems the company needed the money in order to meet regulatory minimums and other requirements tied to users’ trading activity.
Meanwhile, the …
