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Each month in Robinhood's Q1 2021 produced more PFOF revenues than its entire year-ago quarter in aggregate.

Bessemer’s Kent Bennett and Toast’s Aman Narang to discuss how to become a unicorn on ECL Toast has a reported valuation over $5 billion and has raised more than $900 million since launch. The restaurant POS service has clearly been on a rapid growth trajectory, but how has the company navigated the market during the pandemic, which has pushed and pulled the restaurant industry unlike ever before? On an upcoming episode of Extra Crunch Live (May 26 at 3pm ET), we’ll find out. We’re sitt...

Can Squarespace dodge the direct-listing value trap? It’s Squarespace direct-listing day, and the SMB web hosting and design shop’s reference price has been set at $50 per share. According to quick math from the IPO-watching group Renaissance Capital, Squarespace is worth $7.4 billion at that price, calculated using a fully diluted share count. The company’s new valuation is sharply under where Squarespace raised capital in March, when it added $300 million to its accounts at a $10 billio...

Daily Crunch: India gives WhatsApp one week to revoke its updated privacy policy To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Happy Wednesday, friends! It was another super-busy day in the tech world. I had my sights on Squarespace’s public debut, as well as the value of Coinbase’s stock, which may be tracking the price of bitcoin a bit more literally than some folks expected. And if you are a long-ter...

Daily Crunch: How Expensify maintained its early-stage startup culture after 13 years To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. As summer kicks into gear, the IPO market is mimicking the season by cranking up its temperature. Today, TechCrunch explored the IPO filings from venture-backed Marqeta and software startup WalkMe. Squarespace direct lists later this week, along with public debuts from Oatly an...

Experts Image Credits: Getty Images Email marketing has been with us for decades, but today it has been refined to a science and an art form. If you’re an early-stage founder, it is one of the best ways to build and grow your direct relationship with your customer. You know how fickle the platforms can be. You can’t afford to mess this up. So when and how should you think about doing email marketing, versus all of your other frantic priorities? Here at Extra Crunch, we’re helping you find...

May Mobility’s Edwin Olson and Nina Grooms Lee and Toyota AI Ventures’ Jim Adler on validating your startup idea When a founder has a work history that includes the name of the parent company of one of their key investors, you probably assume that was one of the first deals to come together. Not so with May Mobility and Toyota AI Ventures, which connected for the company’s second seed round, after May went out and raised its original seed purely on the strength of its own ideas and propos...

Flash Sale: Buy an Extra Crunch annual plan, get a free Disrupt pass From today until midnight on May 18 (PT), we’re offering a free Disrupt Innovator pass (a $99 value) to anyone who purchases an annual or two-year Extra Crunch membership. Grab an annual or two-year Extra Crunch membership here.  TechCrunch Disrupt is a three-day virtual event with founders and investors shaping the future of disruptive technology and startup experts providing insights to entrepreneurs. It’s where hundred...

Fast growth pushes an unprofitable no-code startup into the public markets: Inside Monday.com’s IPO filing At long last, the Monday.com crew dropped an F-1 filing to go public in the United States. TechCrunch has long known that the company, which sells corporate productivity and communications software, has scaled north of $100 million in annual recurring revenue (ARR). The countdown to its IPO filing — an F-1, because the company is based in Israel, rather than the S-1s filed by domestic ...

Daily Crunch: AT&T’s $43B WarnerMedia spinoff will create a new content colossus To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Welcome to Daily Crunch for Monday, May 17. We have a lot to get to, so we’ll keep our introduction incredibly curt and simply note that early-stage founders can still apply to the upcoming TechCrunch Battlefield event for another week or so. Neesha has the details here. — Al...