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News on Medial
Robinhood CEO on the company’s evolution: ‘We’ve made a lot of progress’
TechCrunch
·
1y ago
Medial
Robinhood, the popular trading platform, has evolved from its initial mission of democratizing stock trading to now offering comprehensive financial services. CEO Vlad Tenev emphasizes the company's focus on helping customers achieve their financial goals, including saving for retirement and building emergency funds. Robinhood recently launched Robinhood Retirement, an individual retirement account with a matching contribution feature. Despite facing challenges, such as the Gamestop trading halt earlier this year, Robinhood has achieved profitability and has plans to expand internationally, starting with a launch in the United Kingdom.
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What is good for India is good for Reliance, says Mukesh Ambani; read RIL Chairman's full letter to shareholders
Economic Times
·
1d ago
Medial
Mukesh Ambani, Chairman of Reliance Industries, highlighted the company’s evolution into a globally admired enterprise that embodies India’s entrepreneurial spirit in a letter to shareholders. He emphasized Reliance's commitment to integrating next-generation technologies across its diverse portfolio, including energy, retail, and digital services. Ambani lauded India’s economic resilience and emphasized Reliance’s role as a technology-driven enabler of inclusive growth. Despite global challenges, Reliance achieved robust financial performance and expansion, marking its commitment to innovation and national progress.
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Robinhood's new credit card goes after Apple Card with ability to invest cash-back perks
TechCrunch
·
1y ago
Medial
Robinhood, the popular brokerage app, has launched its new Gold Card, offering a range of features including 3% cash back on all categories and 5% cash back on travel bookings made through its platform. The card also allows users to add up to five family members as cardholders, providing a way to help teens build credit and monitor spending. In addition, the physical cards will be numberless for added security. The Gold Card is only available for Robinhood Gold members, who pay $5 per month or $50 annually.
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Search giant Google turns 25 today, CEO Sundar Pichai thanks Googlers
Livemint
·
1y ago
Medial
Google is celebrating its 25th birthday by thanking its users and showcasing the evolution of the Google logo through a special doodle. Larry Page and Sergey Brin started the search engine as a PhD project in 1998, which has since become one of the world's most influential companies. Sundar Pichai, Google's CEO, highlighted the importance of curiosity from users in driving the company's progress. He also mentioned that artificial intelligence (AI) will be the biggest technological shift of our lifetimes.
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Robinhood wants to give EU a token of the US markets, but regulatory bodies, OpenAI not happy with the move
YourStory
·
28d ago
Medial
Robinhood launched stock tokens in the EU, allowing retail investors to access price movements of US companies like OpenAI and SpaceX without owning actual shares. These tokens, derivatives rather than equity, are held by Robinhood in the US. Tokenizing stocks aims to lower entry barriers and offer 24/5 trading. OpenAI disclaimed involvement, urging caution. Regulatory scrutiny followed, with Lithuania seeking clarification. Robinhood’s CEO defended the move, citing inequities in capital markets.
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Robinhood settles Massachusetts regulators' trading case for $7.5 million
Reuters
·
1y ago
Medial
Online brokerage Robinhood has agreed to pay a $7.5 million fine and make changes to its practices to settle allegations by Massachusetts' securities regulators. The regulators accused Robinhood of using gamification strategies to encourage inexperienced investors to make risky trades. The settlement also addresses issues related to a data security breach and cybersecurity policies. Robinhood discontinued the use of confetti on its app after the regulators filed the case. The company agreed to settle the case instead of appealing to the U.S. Supreme Court.
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X (Twitter) to turn proiftable next year
Economic Times
·
1y ago
Medial
Linda Yaccarino, CEO of X (formerly known as Twitter), stated that the social media platform could turn a profit in early 2024 under Elon Musk's ownership. She defended the company's progress and addressed concerns regarding advertiser retention and the platform's changes. Yaccarino mentioned positive trends in key metrics but did not provide specific information. While facing lawsuits and accusations of unpaid rent and severance, X has also faced scrutiny over hateful and antisemitic content. Yaccarino defended the progress made on safety measures and defended Musk's right to freedom of speech.
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Goldman Sachs overhaul takes two steps forward, one step back
Livemint
·
1y ago
Medial
Goldman Sachs is making progress in its strategy to increase lending and shift assets from its own balance sheet to fee-paying outside investors, aiming to generate steadier revenue and transition to a more reliable institution. However, the bank faced a setback with increased capital requirements following a Federal Reserve stress test, which CEO David Solomon believes does not reflect the bank's strategic evolution. Despite this, Goldman Sachs continues to handle the higher requirement and is optimistic about a potential rebound in M&A activity. The bank's transformation and achieving its goals remain ongoing challenges.
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Flipkart close to profitability: CEO Kalyan Krishnamurthy tells staff
Economic Times
·
1y ago
Medial
According to a recent announcement made by Flipkart CEO Kalyan Krishnamurthy, the e-commerce giant is reportedly close to achieving profitability. Krishnamurthy shared this news with the company's staff members, indicating that Flipkart has made significant progress in its journey towards financial stability. This development is a positive sign for the company and highlights its success in navigating the competitive e-commerce market.
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Sam Altman on being fired and rehired by OpenAI
The Verge
·
2m ago
Medial
Sam Altman was rehired as OpenAI’s CEO after a brief, tumultuous boardroom coup. Initially defiant and emotional, he quickly decided to return due to his dedication to OpenAI’s mission of safe AGI and his commitment to the team. The board will conduct an independent review to understand the reasons behind his firing. Microsoft, OpenAI's biggest investor, is set to take a nonvoting board seat. Altman emphasized the company’s resilience and continued progress throughout the ordeal.
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Satya Nadella says the explicit Taylor Swift AI fakes are ‘alarming and terrible’
The Verge
·
1y ago
Medial
In the interview, Microsoft CEO Satya Nadella emphasizes the need for establishing guidelines and regulations to ensure the production of safer content through technology. He believes that by combining efforts between law enforcement, technology platforms, and societal norms, significant progress can be made in governing content and protecting users.
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