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POLITICO Get the California Playbook Newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by Southern California Edison THE BUZZ: As a tense nation awaited a verdict on Tuesday, an eerily timed House floor vote pitted Californian against Californian — twin episodes in America’s wrenching debate over racial justic...

After causing an uproar among users by restricting buying of certain meme stocks on its platform and needing to raise capital to meet regulatory requirements, trading platform Robinhood found itself turning away cash from investors.What happened: Robinhood raised more than $3 billion over the course of a weekend, largely from early-stage investors in an effort to steady its finances.Get market news worthy of your time with Axios Markets. Subscribe for free.The company received so many offers it was refusing investors' money, according to Howard Lindzon, general partner at Venture Capital ...

Mere days after we discussed Coinbase at $77 billion and Stripe at $115 billion in the private markets, those same semi-liquid exchanges have provided a new valuation for the cryptocurrency company. It’s now $100 billion, per Axios’ reporting. Good thing we argued last week that there could be some merit to Coinbase’s $77 billion secondary market […]

NYSE president Stacey Cunningham told Axios in a recent interview that investing in the stock market does not resemble gambling. "The markets are not a casino," she told Axios' Dan Primack. "They are highly regulated and they're highly overseen. We are running a market that provides opportunities for investors to come in, invest in the companies they believe in, they believe that are gonna grow, and then share in that wealth creation." Senator Elizabeth Warren last month slammed hedge funds and investors who criticized traders driving up GameStop for treating the stock market like a casino...

Mike Windle/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Airbnb and DoorDash last week used a relatively new process for going public that borrowed elements from a traditional IPO and an auction. The process was pioneered by Unity Software in September. Despite their use of the so-called hybrid auction process, both companies saw their stocks surge in the first day of trading. Since then, Airbnb has risen 1.6% while DoorDash has slumped 19%. Business Insider t...