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No.12⚡️Zooming out of Planet Labs to Planet Her 🚀

No.12⚡️Zooming out of Planet Labs to Planet Her 🚀

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December 24, 2022

Hey bb! We're zooming out of Planet Labs to Doja's Planet Her 🧜🏾‍♀️ and back to Earth in preparation for Robindaddy's public debut ⚡️

In other news… What's old is new again, a little market history lesson, Facebook is joining the Trilli club 💰and ft. our very own Emily Herrera 💁🏻‍♀️who's thinking about syndicates and a new take on the creator economy 🤳🏾

Robindaddy goes public while waving 2020 profit numbers goodbye 👋🏽

Crowd favourite broker Robinhood filed for initial public offering last week after disclosing it became profitable last year. What’s the catch? You can only buy their stock. If you sell or short the IPO, Vlad will come knocking on your door to personally issue you a margin call - ticker symbol $ROB 💥🔫.Jokes aside, the broker dug out of a $107 million loss in 2019 to a $7.45 million net income in 2020 💸. This year, however, Robinhood as already reported a $1.44 billion loss in the most recent quarter 😱. Here’s a quick breakdown of this rollercoaster of a ride 🎢:

Five months ago, Robinhood was at the cusp of a capital and customer cataclysm due to lack of adequate reserves during the GME squeeze
The fiasco also led to an SEC investigation, various class action lawsuits, congressional hearings and a federal warrant for Vlad’s phone 📞
Just last week, Robinhood agreed to pay $70 million in fines and restitution as part of a regulatory settlement over providing users with false or misleading information🙅🏻‍♂️

Despite all the negativity, Robinhood was able to raise more than $3 billion from investors over a few days so they could mitigate losses and reinforce reserves. Raise your hand (or your glass 🍷) if you’re impressed by Vlad’s sweet-mouthed pitching skills. Cherie VC’s, we see you 👀.

While there’s certainly been some growing pains for the granddaddy of brokers, that’s not specially uncommon for startups. One thing is sure, they will have to keep growing if they want to compete with the big players in this space. Which side are you on bb - are you a bull 🐂 or a bear 🐻?

What's old is new again - Barbarians at the Gate

As we sip our much needed cocktails 🍹, we ponder how history has repeated itself, and reflect on the past to lean into hopefully what is a summer of abundance, health and good financial decisions. “Everything old is new again", says Barry Ritholtz, CIO of Ritzholtz Wealth Management, and Wall Street expert. We agree knowing history's first bubble. 🛁

Did you know…During the 17th century, the Dutch economy, one of the most sophisticated at the time - went cray for tulips. Yes, we had to double check too 🌷

The price for tulips was bonkers marking one of the first well-known economic collapses in February 1637. We're quite acquainted with 1930, 1980, 2008 and the weirdness that a lot of us participated in this year. The importance is the cautionary tale: “The foolishness always comes to an end, and it almost always ends badly for the retail investors […] It's not rich versus poor. Its smart versus dumb." At least that's what Doug Kass, president of Seabreeze Partners Management and former senior portfolio manager at Omega Advisors says.

Penny for your thoughts? ☁️

Emily Herrera is building The Wiress: The Women's Student-Startup Network. Spanning Columbia University, Northwestern, Duke, MIT, University of Houston and many more universities to provide peer mentorship, fireside chats, and meaningful connections. This is women building + breaking things and we are here for it!She's calling out for participation and support as she seeks to create a syndicate. DM her on Twitter @emilyhxrrera

Where the parteh's at 🎉

It wouldn't be finance made social if we didn't report the hottest gatherings this week!

Passé

Sports Mania: ⚽️Eurocup - Italy vs. England; Copa America - Argentina vs. Brazil; 🎾Wimbledon - Two matches trigger suspicious betting alerts
ESPYS: Your fave creators, celebs and athletes highlighted the best moments in sports this year on July 10th. The event was hosted by the lovely Ally Love featuring Naomi Osaka, Charli D'Amelio, Nina Dobrev, Joe Namath and many more

Don't miss out

Rooftop Szn in Canada: Restoration Hardware in T.O., St. Paul street in Old Port of MTL (we love a good Terrasse Nelligan), and Joe Fortes in Vancity // BONUS: We hear Piknik Elektronik is back ⚡️Montreal, y u so fun? ❤️
Raving about New York: All your favorite spots are back from House of Yes, Brooklyn Mirage, to Elsewhere and GP dances on Sundays all summer. Get yo' tix ✨
R&R in LA: It seems like most of y'all haven't had enough rest with the amount of pics we've seen from Joshua Tree. We support you! Take some time 🧘‍♀️

Soon…maybe, just maybe…Cheres will be out and about. Keep checking in, as we may be hosting our own series of in-person events 😉

Planet Labs, backed by Google, BlackRock, and Benioff, is going public 🛰️

Did Doja Cat predict this trend of space companies going public through SPAC deals? 🌌 First Virgin Galactic, and now Planet, the satellite imagery company, will merge with a SPAC to list on the New York Stock Exchange 👩‍🚀."We're [Planet] a mature business and have a massive new and unique data set of our 190 satellites, the largest Earth imaging fleet ever, and more than 10 times anyone else” 🚀 - Planet Co-founder and CEO, Will MarshallPlanet Labs is combining with special purpose acquisition company dMY Technology Group IV - NYSE: DMYQ. The deal gives Planet a $2.8 billion equity valuation and is expected to close in the fourth quarter, Planet will soon be listed on the NYSE under ticker PL 🌍

Facebook joins Apple, Microsoft, and Alphabet on the Trilli club 💰

The stock price for the social media player surged after news that the FTC dismissed its antitrust complaint against the company 🎉. Throwback to 2018 when their shares suffered a 19% drop 📉 after posting lower than expected revenue and user figures for the second quarter, adding to all the data leaks, fake news, and the Cambridge Analytica scandal. Well, their share price has bounced back more than 90% since then 😍

Hold up…what am I reading, who are you, and what have you done to my investing knowledge? You're blowing my mind.

BB, chill…I know you want me but get in line.

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