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They did get new investment (the story isn't clear if it's a bridge loan or equity) https://techcrunch.com/2021/01/29/robinhood-raises-1b-after-trading-halts-t
by jmalicki 6y ago
They did get new investment (the story isn't clear if it's a bridge loan or equity)
https://techcrunch.com/2021/01/29/robinhood-raises-1b-after-trading-halts-to-keep-its-platform-running/ https://techcrunch.com/2021/01/29/robinhood-raises-1b-after-...
- ajsharp 6y agoAccording to the NYT story it sounds like a convertible note or something similar: "Investors who provide new financing to Robinhood will receive additional equity in the company. The investors will get that equity at a discounted valuation tied to the price of Robinhood shares when the company goes public, two of the people said." https://www.nytimes.com/2021/01/29/technology/robinhood-fundraising.html https://www.nytimes.com/2021/01/29/technology/robinhood-fund...