Robinhood investors may have the last laugh after lackluster IPO

Robinhood's Wall Street debut was tepid, just like Facebook's initial public offering more than nine years ago. But despite the lackluster start, Robinhood has roared back to life in the past week. Can it continue to climb and eventually become the Facebook of financial services?

News: What you need to know about the markets     Robinhood investors may have the last laugh after lackluster IPO Robinhood's Wall Street debut was tepid, just like Facebook's initial public offering more than nine years ago. But despite the lackluster start, Robinhood has roared back to life in the past week. Can it continue to climb and eventually become the Facebook of financial services? Read more »   Eviction moratoriums aren't enough to rescue millions of Americans behind on rent Shanta Matthews and her family were three months behind on rent last week and were preparing to be booted from their two-bedroom condo in Charleston, South Carolina, when they got a last-minute reprieve from the federal government. Read more »   Citigroup requires big-city workers to get vaccinated. Others have to wear masks Citigroup is the latest big bank to mandate vaccines for employees returning to the office as the Delta variant of Covid-19 surges. Read more »   AMC is playing to the Reddit crowd If there was ever any doubt that individual investors are a powerful new force on Wall Street, AMC Entertainment CEO Adam Aron may just have silenced the skeptics. Read more »   Tesla sales cratered in China, but investors don't seem to mind Tesla sales dropped sharply in China, according to a trade group report, suggesting it is losing ground in the world's largest market for both traditional and electric vehicles. Read more »   SoftBank's CEO went big on China. Now he's pulling back SoftBank CEO Masayoshi Son is cutting back on new investments in China as the country's private sector continues to face a historic regulatory crackdown. Read more »

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