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The big story: Robinhood raises $1B I know the newsletter has been dominated by Robinhood and stock market news for the past few days but, well, so have the headlines. The latest news is that after reportedly tapping its credit lines, Robinhood raised $1 billion in new funding from existing investors. It seems the company needed the money in order to meet regulatory minimums and other requirements tied to users’ trading activity. Meanwhile, the SEC has issued a statement that doesn’t specifically mention Robinhood or GameStop by name, but it says that “extreme stock price volatility has the potential to expose investors to rapid and severe losses” that could “undermine market confidence.” ....
iClick Interactive Asia Group Limited Issues Letter to Shareholders and Provides Corporate Update News provided by Share this article Share this article HONG KONG, Jan. 13, 2021 /PRNewswire/ iClick Interactive Asia Group Limited ( iClick or the Company ) (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announces the release of the following letter to shareholders from Mr. Jian T.J. Tang, Co-founder and Chief Executive Officer of iClick. Dear iClick Shareholders, I am happy to write this second letter to shareholders from a position of strength and optimism despite the incredible strain the COVID pandemic has placed on global economies. While the events of 2020 were unforeseen at the time of my first letter to shareholders, I believe our company s response to the pandemic underscores the iClick team s dedication and ingenuity in times of crisis. Please rest assured that we will see continued resilie ....