Robinhood stock trading app valued at $1.3 billion with big raise from DST

Zero-fee stock trading app Robinhood is completing a huge fund raise to fuel its attack on old brokerage firms that charge around $7 to $10 per trade. According to sources, the round is led by Yuri Milner investment vehicle DST Global and values the company at $1.3 billion. Robinhood declined to comment. [Update 4/26/2017: Robinhood has now confirmed TechCrunch’s […]

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Smart Ecommerce Businesses Get Social

To state the obvious, ecommerce is the business of selling products through the internet. The internet is the world’s largest platform for sharing information and communicating. It’s a social experience, by and large, and people are getting more social on … Continue reading →

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Amazon delays its entry into Southeast Asia

 Amazon has postponed its much-anticipated entry into Southeast Asia. The company initially planned to launch local e-commerce services in Singapore during the first quarter of this year, as we reported in November, but two sources with knowledge of the plans told TechCrunch that the schedule has slipped to “later this year”. Amazon did not respond to multiple […]

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Bra startup True&Co sold to Calvin Klein owner PVH

 True&Co., an e-commerce company founded with the mission of disrupting the lingerie industry by creating a new business model for selling bras and other undergarments, has been sold. Phillips Van Heusen (PVH), owner of Calvin Klein, Tommy Hilfiger and Izod, among other iconic brands, has acquired the startup and plans to use it to move deeper […]

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