Quintacorn Robinhood’s free crypto trading rolls out in Cali, 3 more states

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Robinhood is rolling out its Coinbase-killer that’s already helped the fintech startup’s valuation grow 4X in a year. Zero-fee trading of Bitcoin and Ethereum is now available to all investors in California, Massachusetts, Missouri, and Montana. Everyone else is still on the waitlist. Robinhood users everywhere can already track 16 crypto coins including BTC, ETH, Litecoin, and Ripple, as well as trade traditional stocks with no transaction commission.

Announced in January, Robinhood Crypto vastly undercuts Coinbase’s U.S. fees that range from 1.5 to 4 percent. One million users waitlisted for Robinhood Crypto in the first 5 days after it was announced, and the app now has four million total registered users. Its lack of fees is proving to be a way to lure both veteran and rookie crypto investors to Robinhood, though it lacks support for trading as wide of a range of coins as Coinbase. Rather than charging per trade, Robinhood earns money from interest on money in users’ accounts and its Robinhood Gold subscription service. For for $ 6 to $ 200 a month in subscription fees, users can borrow between $ 1,000 and $ 50,000 to trade with.

Robinhood Gold’s success, adding options and web trading, and the new Robinhood Crypto helped the startup attract a $ 350 million Series D round led by Russian fund DST Global, which a source confirms will value it at $ 5.6 billion and bring it to $ 526 million in total funding. That’s up from the $ 110 million Series C at a $ 1.3 billion valuation it raised last year.

That massive valuation will put a ton of pressure on Robinhood’s co-CEOs Vlad Tenev and Baiju Bhatt to keep it growing, build out its subscription and interest revenue, and invade the space of competitors. [Disclosure: I know the founders from college] Those include traditional brokers like Scottrade and E*Trade that can charge $ 7 or more per trade, crypto-specific exchanges like Coinbase, and news sources like CoinDesk.

Robinhood risks a down round if the heightened societal and regulatory skepticism about cryptocurrencies curtail investments from the public. Robinhood’s historical focus on younger, less wealthy investors who aren’t “accredited” could make it especially vulnerable to crypto backlash if users see the space as too volatile or scammy for amateur investors to join. There are also heightened cybersecurity concerns, as users might bail on the app if they fear their cryptocurrency could be stolen.

Robinhood might do well to get more serious about how it offers crypto education. It’s promised to provide a feed of crypto news to keep people informed about why markets are moving, though it’s still in testing with a small number of users right now. The problem is that the crypto journalism space is rife with integrity violations and reporters with questionable expertise. If Robinhood bought or built a truly neutral crypto news source, it could use that to attract investors to its crypto trading platform.

[Disclosre: The author of this article owns small positions in Bitcoin and Ethereum but does not day trade. Detailed disclosures can be found here.]

Mobile – TechCrunch

Cash For Apps: Make money with android app

Apple CEO Tim Cook: ‘It’s Not True That the iPhone is Not Made in the United States’

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

“It’s not true that the iPhone is not made in the United States,” Apple CEO Tim Cook said this morning in an interview with Recode‘s Kara Swisher and MSNBC‘s Chris Hayes in a response to criticism about its ties to China and other countries.

“We have always made the parts here,” Cook said. “People just look at where the final product is assembled.” In a global world, he explained, manufacturing and assembly needs to be done in a variety of places.

Image via Recode

As Cook has said multiple times in the past, key iPhone components are manufactured in the United States. Display glass for the iPhone and iPad, made by U.S. manufacturer Corning, comes from Kentucky. The Face ID module for the iPhone X comes from Texas. Various chips for Apple devices are also built in the United States, according to Cook, as is equipment for manufacturing the iPhone.

Components manufactured in the U.S. are shipped abroad, with devices assembled by suppliers like Foxconn and Pegatron in China.

Cook said “political pressure” doesn’t push Apple to add U.S. jobs, as it’s something the company is already doing. As Cook often says, Apple could “only have been created in the United States,” and Apple wants to give back. “Businesses should be more than just building revenues and profits,” Cook said. “They should be building people.”

“We know that Apple could only have been created in the United States. We know that. This company would not have flourished in any other country in the world. We love this country. We are patriots. This is our country and we want to create as many jobs as we can in the U.S. We don’t need any political pressure for that.”

Apple in January outlined a five-year plan to contribute $350 billion to the U.S. economy through job creation, existing investments and manufacturing, and new investments. Apple has established an Advanced Manufacturing Fund, for example, to invest in U.S. manufacturing. Apple has thus far invested $200 million in Corning and $390 million in Finisar.

On the topic of job creation and automation, Cook said that it’s important to “get comfortable” with “the notion that education is lifelong.” Jobs, he says, will be “cannibalized over time and replaced by others.” Continuously learning is important, which is why Apple puts such a focus on teaching students of all ages to code. “The jobs of tomorrow are heavily software based,” he said.

“There’s an element of what each of us do, which will be automated over time. That’s not bad. But we need to think about training for the jobs for tomorrow, which will be software-based.”

He said he does not believe the narrative around “doom and gloom” is correct, but he does believe government and businesses need to work together on job retraining and creation for industries that are being automated. “We should not all sit around waiting for government to tell us what to do,” he said.

Tim Cook’s full interview will air on MSNBC on Friday, April 6 at 5:00 p.m. in a segment titled “Revolution: Apple Changing the World.”

Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Discuss this article in our forums


MacRumors: Mac News and Rumors – All Stories

Cash For Apps: Make money with android app

Killer Deals: $1,000 to $1,300 off plus free AppleCare on Apple’s 15″ MacBook Pro with no tax in most states

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Article Image

In addition to the lowest prices we’ve ever seen on Apple’s Late 2016 15" MacBook Pro, Apple authorized reseller B&H is sweetening the deal even more by throwing in a free AppleCare extended protection plan valued at $ 379 — with no tax in most states. Grab the bundles while supplies last.
AppleInsider – Frontpage News

Cash For Apps: Make money with android app

Killer Deal: Apple’s high-end 15″ MacBook Pro (2.9GHz, 16GB, 512GB, 450) for $1,899 ($1,000 off) w/ no tax in most states

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Article Image

Readers this week can exclusively save $ 1,000 on Apple’s Late 2016 15-inch MacBook Pro in Space Gray with an upgraded 2.9GHz processor and 512GB of storage space. Priced at just $ 1,899 after the discount, this deal also includes free shipping, and B&H will not collect sales tax in most states.
AppleInsider – Frontpage News

Cash For Apps: Make money with android app

Dozens of states are now considering plans to keep net neutrality rules

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

When California proposed a bill this week to preserve net neutrality rules in the state, it was the most comprehensive effort in the nation. The bill would even move beyond the protections that the FCC recently moved to roll back.

But the bill is only one way states are moving to keep the rules after last year’s FCC decision. The activist group Fight for the Future has listed efforts in 35 states and the District of Columbia, including legislation under consideration and executive orders.

Those attempts to keep the rules come in an array of forms. A major part of the list includes a national attempt that kicked off in January, when 22 attorneys general signed on to a lawsuit challenging the rules. The suit,…

Continue reading…

The Verge – All Posts

Cash For Apps: Make money with android app

Shuttering Toys ‘R’ Us stores in United States put Apple products on clearance

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Article Image

The closure of all Toys ‘R’ Us stores in the United States could be beneficial for people looking to save money on Apple merchandise, as some of the chain’s shuttering retail outlets are discounting the Apple TV, iPod touch, iPads, and other items in the clearance sale.
AppleInsider – Frontpage News

Cash For Apps: Make money with android app

Killer Deals: Save $50 to $300 instantly on Apple’s Mid 2017 MacBook Pros, plus no tax in 48 states & 0% financing [u]

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Article Image

First come, first served! AppleInsider readers can take advantage of exclusive coupons and instant discounts this week to instantly save between $ 70 and $ 300 on every Mid 2017 MacBook Pro, including Apple’s 13" MacBook Pro with Touch Bar and 15" MacBook Pro. Plus, sales tax will not be collected on orders shipped outside NY and NJ and systems qualify for 0% OAC.
AppleInsider – Frontpage News

Cash For Apps: Make money with android app

Lowest Price Ever: Apple’s loaded 2TB 15″ MacBook Pro for $2,999 ($1,300 off) with no tax in most states

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Article Image

Readers can exclusively save $ 1,300 this week on Apple’s maxed out Late 2016 15" MacBook Pro with the line’s fastest processor, 2TB of storage and top-of-the-line Radeon 460 graphics. Plus, the Mac qualifies for free expedited shipping and no tax collected in most states.
AppleInsider – Frontpage News

Cash For Apps: Make money with android app

California to introduce ‘right to repair’ bill, joins 17 other states in consumer initiative

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Article Image

California on Wednesday became the latest state to ready so-called "right to repair" legislation that would require companies like Apple to provide consumers and third-party repair outlets access to repair information, diagnostic equipment and parts.
AppleInsider – Frontpage News

Cash For Apps: Make money with android app

Last call: Apple’s high-end 15″ MacBook Pro for $1,899 ($900 off) or loaded 1TB model for $2,299 w/ no tax in most states

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Article Image

Today is the last day to exclusively save $ 900 on two Late 2016 15" MacBook Pros with an abundance of upgrades, including faster processors, more storage and better graphics. Prices for the premium models start at just $ 1,899 with no tax collected outside NY and NJ.
AppleInsider – Frontpage News

Cash For Apps: Make money with android app