Robinhood as controversial as ever as it makes market debut
CBSN
Shares of Robinhood — the brokerage app popular among millennials for its commission-free trading — got off to a wobbly start Thursday, its first day as a public company.
Trading under the ticker HOOD, the online brokerage shifted between gains and losses around its opening price of $38 a share. It ended the day down $3.18, or 8.4%, at $34.82 a share. Before the company's market debut on the Nasdaq, Robinhood priced shares at the low end of a $38-to-$42 range, selling 52.4 million shares and raising nearly $2 billion through an initial public offering. The company took an atypical step in setting aside as much as 35% of the shares it offered for traders using its app. Those folks would normally have to wait until the stock's appearance on an exchange to purchase it.On May 7, health influencer Paul Saladino, M.D.. posted a video to his X account that promoted feeding "raw dairy" to infants. The post received over 90,000 views and sparked strong backlash before it was removed the following day. Saladino regularly advocates for "animal-based" diets featuring raw milk, including on his TikTok channel where he has over half a million followers.
Everywhere you look, things are getting more complicated. Our phones have over a thousand settings. Showerheads come with apps. Cars have touchscreens. Ovens have touchscreens. "There's no doubt that 'featuritis' is real," said design consultant Jakob Nielsen. "Most of these things are too complicated."
New research is adding to the evidence linking ultra-processed foods to health concerns. The study tracked people's habits over 30 years and found those who reported eating more of certain ultra-processed foods had a slightly higher risk of death — with four categories of foods found to be the biggest culprits.