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.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode