SPACs have invaded the insurance space of late with Hagerty being the latest to join the fray, both on the startup side (Hippo, MetroMile, Doma, Kin) and with established companies (CCC & Hagerty). I will cut straight to the chase. This is a bad development for all parties – the Continue Reading
Robinhood: When A Vulture Meets A Hare
I didn’t expect to be writing about Robinhood again so soon (actually ever) but circumstances change. The day I published last week’s article, Robinhood immediately became a meme stock jumping 50% in a day. So what happened? The Call Squeeze The Wallstreetbets (WSB) crowd went back to one of their Continue Reading
Peak Robinhood
Robinhood finally had its IPO last week. While the stock initially fell a bit from the IPO price (though broke out yesterday on news that Cathie Wood bought some), any new listing valued at $30B is a pretty successful outcome. Still, one has to wonder if the IPO was “marking Continue Reading