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- Robinhood, Shopify, DoorDash earnings, Clutter sells for huge discount
Robinhood, Shopify, DoorDash earnings, Clutter sells for huge discount
Robinhood Q2 earnings: revenue: $486M (+53% y/y), net income: $25M (108% smaller loss y/y), MAUs: 10.8M (-23% y/y); shares were down 5%+ due to MAUs missing estimates - Link
Shopify Q2 earnings: revenue: $1.7B (+31% y/y), GMV: $55B (+17% y/y), FCF: $97M; shares were down ~4% despite beating on revenue - Link
DoorDash Q2 earnings: revenue: $2.1B (+33% y/y), net loss: -$172M, orders: 532M (+25% y/y); shares were up over 5% on earnings beat - Link
The Information sources: Reed Jobs, the son of Steve Jobs and Laurene Powell Jobs, is leaving his mother’s firm Emerson Collective and plans to raise a $400M fund to invest in healthcare startups - Link
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Lightmatter CEO Nick Harris joins Jason to discuss how his startup is revolutionizing the future of computing with photonic chips (1:48), the challenges of building the next-generation AI hardware (18:35), and more! - Link
The Information sources: Clutter, a SoftBank-backed storage and moving startup once valued at ~$600M in 2019, is being forced to sell at a steep discount in an auction of its assets - Link
Semafor sources: DOJ prosecutors are considering indicting Binance but are concerned that fraud charges could trigger an FTX-like bank run - Link
Virtual events startup Hopin sold off its virtual “Events” and “Session” units to RingCentral, and Founder Johnny Boufarhat has stepped down as CEO - Link
Inworld, a startup that helps game developers create AI-powered NPCs, raised a $30M round led by Lightspeed at a $500M+ valuation - Link
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