Meta builds prediction market app as DraftKings, Flutter shares slip
What's new: The app, called Arena internally, is expected to use points rather than cash, though money could be added later.
Bloomberg, NPR +3
Subject
#Robinhood
Robinhood cuts 10% of staff, eliminating about 290 jobs
What's new: The company expects about $28 million in second-quarter charges and said June trading volumes hit records.
Bloomberg, MarketWatch
SpaceX jumps 19% after $75 billion IPO priced at $135 a share
What's new: The stock opened at $150, hit $176.52 and drew an unusually large retail allocation in the low 20% range.
Bloomberg, The New York Times +1