The robin hood fact explains it pretty simply. We partner with investment banks to help distribute ipo shares to the public. This obviously spacts. When retail users buy, they 're usually buying the stock after all those aplications have happened. So some rich person who's got a hundred million dollar account with goldmiths axe, or whoever, gets a five million dollar allocation. It becomes worth 12 million. They flip it the same day. And so this is just another, a stepping stone in robin hood's mission to democratize the financial world. I think dulingo is going to use it a the language a company, a language learning company.
In news Jason covers Bezos reaching space (2:32), Robinhood's S-1/A (13:28), Circle's new USDC attestation (22:25), crypto crackdown in Asia (36:06), Zoom buying Five9 for almost $15B (46:00)
Keith Rabois' OpenStore (47:11). Then for our Next Unicorns series, Jason interviews Flock Safety CEO Garrett Langely, about reducing crime in American cities and neighborhoods (50:18).