Next week, the movie Dumb Money is coming to theaters telling a dramatized story of what happened in January of 2021 during the GameStop craze.
Public was in the midst of the event in real-life. This is the story of how we experienced it:
a thread …
Alpha, our AI assistant, is becoming quite awesome.
Randomly looked at Etsy’s financials in the Public app and wondered why they had this big loss in Q3 of 2022. Swiped down to ask Alpha and it was able to give me a fast, clear answer together with sources from the earnings
We now have 1 million members in our community of investors.
To support this growth, we've raised an additional $220 million in funding, which allows us to accelerate new product features and invest in our infrastructure.
We’ve grown 700% last year. It’s important that with growth this quick our organization matures with it. Today, I’m extremely happy and excited to announce that Jessica Neal & Chris Brummer will join our board as independent directors.
Today, we’re excited to announce two additions to our Board of Directors: Jessica Neal, former Chief Talent Officer at Netflix, and Georgetown Law Professor
@ChrisBrummerDr
.
Learn more:
Incredibly excited to welcome
@mikekarnj
and the entire
@withotis
team to Public. Together we'll be the place to invest in any fractional asset, from fractional NFTs, Art, Collectibles, to Crypto, Funds, and Stocks — all in one place.
Today, we're announcing our acquisition of
@withotis
.
Public members will soon be able to invest in NFTs, art, collectibles, real estate, crypto, funds, stocks, and more—all in one place.
Learn more:
We purchased for $900k from folks who are proper 'domain sharks', at a time where we had raised around $15M. The way we structured the deal was what made us comfortable:
- $150k upfront payment
- $4k/mo over 36 months
- $606k lump sum payment at the end
Public is now available on the web.
➖ Trade stocks, funds, and cryptos
➖ View portfolio performance
➖ Join community conversations
Get started on your desktop at .
NEW: A calendar for tracking educational events, right in the app.
Tap 🔎 and then 🗓 to save the date for:
✔️ Public Live sessions
✔️ Public Town Hall Q&As
✔️ Earnings calls
✔️ Upcoming IPOs, and more
Our thinking was simple:
We have three years. If we make it, the money won't matter. If we didn't make it, the domain wouldn't matter. We paid it off 18 months later.
Proud Public made the
@forbes
Fintech 50. The team has been hard at work the past year helping people be better investors and building a PFOF-free platform across stocks, funds, crypto, and soon NFTs, art, and collectibles. Congrats to the team ✊
Public now makes it possible for investors like you and me to connect directly with the founders & CEOs of the companies we invest in (or might be planning to) 🔥⚡️✊
Everyday investors don't often get the opportunity to speak directly with executives at publicly traded companies. It’s time to change that.
Today we're launching Town Hall, which connects our members with the founders and CEOs behind the companies they believe in.
We're live. Options trading is now on Public and it's the cheapest place to do it. In fact, you get something back with every single trade.
Activate by March 31st to lock in your rebate.
New: The cheapest way to trade options
Today, we’re introducing options trading on Public, and with it, we’ll be sharing 50% of our options trading revenue directly with you. Activate by March 31 to lock in your lifetime rebate.
SPACs can be hard to understand for new investors, and even experienced ones benefit from more transparent information about them, their status, and their targets. This update is a first step to build more transparency around SPACs.
We’ve launched more robust stock pages in the app for SPACs that make it easy for our members to see the key investors, acquisition plans, and which stage the SPAC is in.
Very excited this is finally rolling out. It's one of the most important infrastructure updates needed to truly open the stock market to more people. And it was 18 months in the making.
We worked with the infamous Larry Erlich to acquire it, an intro from the BoxGroup folks
@AdamRothenberg
@davidtisch
years ago when I bought the domain for my former company (which was much cheaper)
Today, we’re announcing our acquisition of
@hypercharts
, a financial data visualization platform that turns complex SEC filings into simple, interactive charts that investors can use to make decisions.
Learn more:
Earn 4.8% yield with a Treasury Account.* Coming soon (like, really soon) to Public.
- Higher yield than a high-yield savings account**
- Access your cash at any time
- Backed by the US government
Like everyone, we're incredibly excited and fascinated with the recent developments in AI. Today, we're rolling out our first experiments in the field, called Alpha.
Say hello to Alpha: your investing co-pilot powered by
@OpenAI
’s GPT-4. Get real-time and historical market data in a natural language interface. On demand.
Go ahead. Start a conversation about any asset you care about.
Today we’re live in the UK 🇬🇧
This has been nearly two years in the making and is especially important and exciting because our team has been partially European from the start.
With our offices in Copenhagen and now London, and teams in Amsterdam and Lisbon (and obviously
Big news: Public is officially live in the UK! We’re delighted to bring our investing platform across the pond and provide UK investors with a better way to access US markets. 🧵
Rate cuts have been in the news a lot. But before they happen, there's an opportunity to lock in a high yield.
Today we're launching the Bond Account. An incredibly easy way to lock in a 7.3% yield -- even if the Fed cuts rates.
Exciting news: the Bond Account is officially live on Public, offering a 7.3% yield* with monthly interest payments:
Here's the backstory on how we created a simpler way to invest in corporate bonds. 🧵
Major update to our portfolio screen. Team has nailed this one. Making it more sophisticated, yet cleaner at the same time. Customize your portfolio views, see allocation breakdown by asset class, and more.
Introducing the new-look Public portfolio, with more ways to track your performance, customize your data, and organize your investments. Here are some highlights:
Every morning, 15 min before markets open, Public Live is now hosting "The Open". A 15-minute overview of the events that might drive the stock market that day.
Just published our internal cultural principles so we can share them with folks before we hire them.
It's easy to dismiss this stuff as meaningless posters for the office, but we use these every day to make decisions. They're tools.
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Big shoutout to
@zachdioneda
for crushing the production of our Michael Bolton campaign. I had to tell him to set up his Twitter account so I can give him this shoutout.
Maybe it leads to his 7th follower on Twitter. Who knows, things are crazy right now.
The domain was put into domain escrow and if we'd ever miss a payment, the seller had the right to simply take back the domain and keep all the money we paid them up to that point. Also, we could pay it off in full at any time.
Our new report is out with some interesting results.
For example: 56% of investors starting in the past 3 years said their parents did NOT own stocks. Many new investors are first-gen investors.
With millions of new investors entering the market, we wanted to dig deeper than the stereotypes and explore the behaviors and motivations of people who started the journey over the past 3 years.
Here's what we found:
Today we launched Public Trends. A new initiative where we will share insights around the markets, from our community, and the changing culture of investing. ⚡️
Spot something different in the feed?
Open the app for a new way to share your thoughts on the companies you believe in.
*This is not investment advice. See .
The stock market is real-time. Our new audio broadcasts help you comprehend what's happening, the day of. Tune in at 10:30am ET today to learn more about it directly from our Product team.
Now, you can access every earnings call directly on Public.
No more logging in to a company’s quarterly webcast or navigating an outdated web player. We’re bringing the earnings calls to you.
Catch up on earnings calls, decks, and reports from any company, on demand.
Love how 'multi-asset' is coming together on the asset pages in the Public app.
For example: on each stock page, you can now get a quick overview on the equity, options, and bonds position and/or access the asset class right there.
Automate your investing with recurring contributions to our new data-backed Investment Plans.
Each Plan takes the guesswork out of choosing the right asset combinations and allows you to gain exposure to a range of investing styles and risk tolerances.
Fast money movements is one of the biggest problems in fintech. Extremely excited for this partnership to keep building the investing app that can run entirely on 'card rails'.
By Friday 4pm we had roughly doubled our user-base, topped Tinder in the app store, kept the system up, and, with the markets closed, could finally take some sort of a breather.
The biggest barrier to the markets is that people feel it's not for them. That investing is some rocket science they could never master. Financial education is one of the key tools to break this barrier.
New: Educational videos by community members, for community members.
You can now watch short-form educational videos, right in the app.🎥
Hear from trusted financial creators as they break down key investing concepts, from diversification strategies to blockchain basics.
Tap 🔍 in the app to start exploring.
We just dropped an Instagram Story filter to celebrate Crypto on Public.
Try it out and tag us in your story (
@publicapp
) for a chance to win a limited edition Crypto is Coming shirt.
Get the filter here:
One tool we use at Public is 'DYT' - it stands for 'Do Your Thing.' It's that little push to give people the trust and autonomy to make their own decisions, even if it might feel uncomfortable at first.
Competitors stumbled before, so we made plans for how to take advantage of it. I.e. Twitter ads to “Transfer your account to Public” pre-approved to simply unpause and be live in seconds not hours. We later called this a Black Swan Playbook. A checklist when an event strikes.
Every startup wants to be viral but that's hard to plan and forecast for. Knowing and estimating your "K-factor" can help. This is how we do it at Public.
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