2min chapter

Equity cover image

Dropbox hearts AI, the creator-platform wars and why we’re bullish on fake booze

Equity

CHAPTER

Robin Hood's Acquisition of X1 Credit Card Startup

Robin Hood announced that it was acquiring a credit card startup called X1 for $95 million. When they claimed they had a 50% boost in valuation, they wouldn't share numbers. The deal is interesting in that as you point out, it really is not much more than they raise. But who's the winner in this? Well, it depends on what Robinhood does with it, right?

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