Robinhood, the trading app that’s sent a newly empowered generation of investors to Wall Street, saw its revenue soar 309% at the start of the year as a frenzy over so-called meme stocks shook the market.
The company revealed the revenue surge in a filing with the Securities and Exchange Commission Thursday, as it prepares to sell its own stock on the Nasdaq for the first time. It plans to trade under the symbol HOOD.
Robinhood’s initial public offering is set to be one of the most anticipated of the year, giving investors a chance to own part of a fast-growing company that has rocked the traditionally staid brokerage business. Since its launch in 2014, Robinhood’s popularity has forced rivals to get rid of commissions and to offer apps that make trading easy and maybe even fun.
But as it’s drawn in 18 million funded accounts, with more than half its customers first-time investors, the company has also faced a mountain of criticism from regulators and users alike. Robinhood has agreed to pay more than $130 million in recent years to settle accusations by regulators, with the most recent fine announced just a day earlier.
Among the accusations: It improperly allowed some users to make riskier trades than they were perhaps ready for; it failed to make clear to customers that it makes much of its money by routing their trades to Wall Street firms taking the other side; and its supervision of its technology was weak and helped lead to outages of its service.
But for all the controversy around it, Robinhood offers something that’s always in great demand on Wall Street: explosive growth.
The company’s revenue soared to $522 million in the first three months of 2021, up from $128 million a year earlier. It’s also coming off a profitable year. It had net income of $7 million in 2020 after losing $107 million in 2019.
Your Cover Letter’s Third Paragraph — Getting the Reader to Act
If you don’t ask, you don’t get.
In the 1992 movie Glengarry Glen Ross, Alec Baldwin’s character, Blake, gives a shape-up or ship-out speech to a group of real estate salesmen. He turns over a blackboard on which two sets of letters are written. One set of letters is “ABC.” Blake then shouts, “A-B-C. A, always; B, be; C, closing. Always be closing! Always be closing!”
To shorten your job search, envision you’re looking for your next client. Finding your next client is a sales process; therefore, you need to A-B-C. When you’re in A-B-C mode, you move through an employer’s hiring process much faster than passive job seekers.
A-B-C isn’t only for when you’re at the interview stage, intending to close the deal (obtaining a job offer). To get your network to inform you of job opportunities, get past gatekeepers, and especially to get that covenant interview, you need to A-B-C, which is why your cover letter’s last paragraph needs to be a call to action.
Here are 3 examples:
With my 15+ years of sales management experience, I know I can quickly get up to speed as ACME Inc.’s next Sales Director. I’d welcome the opportunity to speak with you regarding my qualifications. Next Wednesday, I’ll reach out to schedule a call to discuss my thoughts on who to raise ACME Inc.’s ROI by 25% before year-end. I look forward to speaking with you.
I’m inspired by Callister Inc’s success in supporting homegrown businesses. I have several ideas for marketing strategies to increase profitability among your customer base and how I can grow your reach. I look forward to the opportunity to share my thoughts with you.
I’m looking forward to discussing my skills and my 10+ years of international hotel management experience. I’ve several suggestions I’d like to pass by you on how Grand Budapest Hotel can increase its occupancy rate, a challenge all hotels face during the current pandemic. Please contact me at (555) 916-225-5887 or email@example.com any time. I’ll be in touch next Friday to follow up.
Your closing paragraph needs to:
- Be decisive. Decisiveness projects confidence, which is not to be confused with arrogance. Confidence is a massive turn-on with employers.Before the hiring manager can feel (hiring comes down to gut feel) you can do the job, they need to feel that you feel you can do the job.
- Write to what you can do for the employer, not what they can do for you.
- Offer a teaser. To use another movie analogy, think of Marlon Brando’s words in The Godfather, “I’m gonna make him an offer he can’t refuse.” This sets the foundation for what’ll be discussed and therefore puts you in the driver’s seat.
- Mention you’ll follow up. (Then DO IT!)
The last point is a job search game-changer. Many career experts claim following up is overly aggressive. The way I see it, not following up makes you passive, which is a form of being lazy. I’m repeating myself; employers don’t hire lazy.
There’s been a few instances where I’ve been overwhelmed with resumes. Those who called me almost always got an interview. I can recall three times where I hired the person based on a “follow-up” phone conversation.
A few weeks back, a Regional Sales Director for a large pharmaceutical company told me when hiring a sales representative, he only grants interviews to those who follow up. This makes sense since sales success requires being comfortable making calls.
Bottom-line: Following up by phone will set you apart from your competition.
Of course, if the job posting says “No phone calls please.”, which is uncommon, you need to respect such instruction.
Regarding signing off, use any of the following:
- Best regards
- Sincere regards
- Yours truly
As I’ve mentioned in an earlier column, there’s no universal hiring methodology. Don’t stress over small details, such as how to sign off. Throughout your search, focus on communicating how you’re able to bring results (value). Such focus will have you A-B-C.
If you’re wondering what the other set of letters Blake had written on the blackboard, they were AIDA — Attention, Interest, Decision, Action. This is what your cover letter needs to do.
Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers advice on searching for a job. You can send him your questions at firstname.lastname@example.org.
Israel to offer COVID booster shots for over 60s: PM – Al Jazeera English
Those eligible will be able to get the booster shot as long as they received their second dose more than five months ago.
Israel will begin offering a third shot of the Pfizer-BioNTech COVID-19 vaccine to people aged over 60 who have already been vaccinated, the country’s prime minister announced on Thursday, becoming the first country to offer a third booster dose to its citizens.
“I’m announcing this evening the beginning of the campaign to receive the booster vaccine, the third vaccine,” Naftali Bennett said in a nationally televised address.
“Reality proves the vaccines are safe. Reality also proves the vaccines protect from severe morbidity and death. And like the flu vaccine that needs to be renewed from time to time, it is the same in this case.”
Those eligible will be able to get the booster shot as long as they received their second dose more than five months ago, Channel 13 TV and Kan public radio reported.
Israel was a world leader in the vaccination rollout, with many seniors getting their jabs in December, January and February as they were regarded as the most vulnerable section of the population.
About 57 percent of Israel’s 9.3 million population has been vaccinated.
The country was accused of vaccine apartheid after Palestinians in the West Bank and Gaza Strip, who live under varying degrees of Israeli control, were denied vaccines as it launched one of the fastest inoculation campaigns in the world.
Increase in cases
But since the emergence of the Delta variant, the health ministry has twice reported a drop in the vaccine’s effectiveness against infection and a slight decrease in its protection against severe disease.
About 160 people are hospitalised with severe symptoms and daily infections have spiked to more than 2,000, up from just a handful of cases per day a few months ago.
The booster campaign, expected to be announced formally soon, will effectively turn Israel into a testing ground for a third dose before approval by the US Food and Drug Administration (FDA).
On July 11, the government started offering a third dose to adults with weak immune systems.
“We are administering as of now a third shot to people suffering from immunodeficiency,” Health Minister Nitzan Horowitz said.
Pfizer said on Wednesday it believes people need the additional dose to keep protection against the coronavirus high. The company says it could apply for US emergency authorisation for booster shots as early as August.
Media reports said the head of Israel’s health ministry gave health maintenance organisations the go-ahead to administer the third shot after Israeli experts approved the campaign late on Wednesday.
Last week, the health ministry estimated the vaccine was only 41 percent effective at halting symptomatic infections over the past month. Protection against severe disease remained strong at 91 percent.
Some experts have criticised the ministry’s analysis because of possible bias that could be skewing the data. Others said Israel should wait a little longer to receive more information about the safety and effectiveness of a third shot.
The cabinet is hoping that the vaccines will allow it to avoid costly lockdowns by protecting those most vulnerable to severe disease, even as infections climb.
Israel has registered a total of 6,463 deaths and 868,045 confirmed cases since the beginning of the pandemic according to data provided by Johns Hopkins University.
Israel to offer COVID-19 booster shot to fully vaccinated people 60 and older – The Globe and Mail
Israel’s prime minister on Thursday announced that the country would offer a coronavirus booster to people over 60 who have already been vaccinated.
The announcement by Naftali Bennett makes Israel, which launched one of the world’s most successful vaccination drives earlier this year, the first country to offer a third dose of a Western vaccine to its citizens on a wide scale.
“I’m announcing this evening the beginning of the campaign to receive the booster vaccine, the third vaccine,” Bennett said in a nationally televised address. “Reality proves the vaccines are safe. Reality also proves the vaccines protect against severe morbidity and death. And like the flu vaccine that needs to be renewed from time to time, it is the same in this case.”
The decision comes at a time of rising infections and signs that the vaccine’s efficacy dwindles over time.
Anyone over 60 who was vaccinated more than five months ago will be eligible. Bennett said the country’s new president, Isaac Herzog, would be the first to get the booster on Friday. It will be offered to the general public on Sunday.
Bennett, who is 49, said his first call after the news conference would be to his mother to encourage her to get her booster shot.
Neither the U.S. nor the EU have approved coronavirus booster shots. It’s not yet proven if a third dose helps and, if so, who needs one and when.
But Bennett said that a team of expert advisers had agreed overwhelmingly, by a 56-1 margin, that it made sense to launch the booster campaign. He said the recommendation was made after “considerable research and analysis” and that its information would be shared around the world. Preliminary studies in Israel have indicated the vaccine’s protection against serious illness dropped among those vaccinated in January.
“The findings show that there is a decline in the body’s immunity over time, and the purpose of the booster is to restrengthen it, thus significantly reducing the chances of infection and serious illness,” Bennett said.
Israel has used the Pfizer-BioNtech vaccine on its population. Previously, boosters were used in some countries with the Chinese and Russian vaccines.
Early this year, Israel carried out one of the world’s most aggressive and successful vaccination campaigns, reaching a deal with Pfizer to purchase enough vaccines for its population in exchange for sharing its data with the drug maker.
Over 57 per cent of the country’s 9.3 million citizens have received two doses of the Pfizer-BioNTech vaccine, and over 80 per cent of the population over 40 is vaccinated.
The vaccination program allowed Israel to reopen its economy ahead of other countries. But Israel has seen a spike in cases of the new delta variant, even among people who are vaccinated. Bennett urged unvaccinated Israelis, especially younger people who have been hesitant, to get vaccinated immediately.
Earlier this month, Israel started giving individuals with weakened immune systems a third shot to increase their resilience against COVID-19.
Pfizer said Wednesday that the effectiveness of the vaccine drops slightly six months after the second dose. Pfizer and its German partner BioNTech have said they plan to seek authorization for boosters in August.
The World Health Organization said earlier this month that there is not enough evidence to show that a third dose is needed.
The agency’s officials have appealed for wealthier countries to share vaccines with poorer nations that have yet to immunize their people, instead of using them as boosters. Israel itself has come under criticism for not sharing more of its vaccines with the Palestinians.
The Israeli Health Ministry recorded at least 2,165 new coronavirus cases on Thursday, following an accelerating rise in infections over the past month. Serious cases of COVID-19 have grown from 19 a day in mid-June to 159 as the highly infectious delta variant has spread.
Thanks to its successful vaccination campaign, Israel lifted almost all of its coronavirus restrictions this spring. But with new cases back on the rise, the country has tried to halt the spread of the highly infectious delta variant by reimposing limitations on gatherings, restoring a “green pass” system for vaccinated people to enter certain enclosed spaces, and an indoor mask mandate.
Sign up for the Coronavirus Update newsletter to read the day’s essential coronavirus news, features and explainers written by Globe reporters and editors.
Doping raises its head as BMX marred by crashes
Russian module knocks International Space Station out of position – Euronews
SoftBank Leads $200 Million Investment In Semiconductor Startup, Boosts Logistics Chip Space – Forbes
Silver investment demand jumped 12% in 2019
Europe kicks off vaccination programs | All media content | DW | 27.12.2020 – Deutsche Welle
Iran anticipates renewed protests amid social media shutdown
Science22 hours ago
890 million-year-old fossils may be oldest sign of animal life on Earth, Canadian geologist says – The Washington Post
Art20 hours ago
QC: Art feeds the soul for Joely BigEagle-Kequahtooway – Regina Leader-Post
Business16 hours ago
N.B. COVID-19 roundup: 4 new cases, 66.1% of eligible population fully vaccinated – CBC.ca
Economy16 hours ago
U.S. Economy Grew 1.6% in Second Quarter – The New York Times
Health16 hours ago
Amid pushback, Alberta health minister defends plan to ease COVID-19 isolation, masking, testing rules – Globalnews.ca
Sports18 hours ago
Filmer, Janssens capture bronze in women’s rowing pair at Tokyo Olympics – CityNews Toronto
Sports45 mins ago
Doping raises its head as BMX marred by crashes
News2 hours ago
Canada’s wildfires could cost billions, kill thousands if nothing is done: report – Global News