August 1, 2025
Tech News
Robinhood has experienced a transformative shift since its meme-stock heyday, reporting a 65% increase in transaction-based revenue for Q2 2025. Equities, options, and crypto trading volumes surged, reflecting a more engaged user base, despite market volatility due to high interest rates and tariffs.
In tandem, a revival in meme-stock enthusiasm sparked a rise in shares for companies like Krispy Kreme and Kohl’s through retail purchases, reminiscent of the 2021 frenzy. Robinhood noted consistent user engagement, with its platform continuing to attract new customers and achieve high retention rates, reinforcing stability.
Xiaomi has launched its latest 3rd Gen TV Box S in Malaysia, priced at RM239. This Google TV-powered box boasts a 25% faster chipset and advanced features such as 4K streaming with HDR 10+ and Dolby Vision support, aimed at enhancing the viewing experience for users.
Meanwhile, Figma, a collaborative design software company, saw its shares soar by 158% in its market debut, valued at approximately $50 billion. This surge illustrates a renewed interest in tech IPOs following a dry spell, especially driven by investments in artificial intelligence and innovation around design software platforms.
Concurrently, the back-to-school shopping season has begun, with significant discounts on popular items for college students, including a new 13-inch M4 MacBook Air now starting at $799. Retailers are capitalizing on the season to offer deals across various essential products, from electronics to dorm decorations.
Tech Explained
IPO – An Initial Public Offering (IPO) refers to the process by which a private company offers shares to the public for the first time. This enables companies like Figma to gain substantial funding while allowing investors to buy ownership in the firm.
4K – This term refers to a display resolution that is approximately 4,000 pixels across, providing higher image quality and detail. Xiaomi’s TV Box S utilizes 4K capabilities, ensuring viewers experience superior picture clarity and vibrant colors in their media.
Cryptocurrency – A digital currency that utilizes cryptography for secure transactions and control of new unit creation. Robinhood’s significant cryptocurrency revenue underlines the growing acceptance of digital currencies among retail investors, contributing to its broader trading platform.
Chipset – A chipset is a collection of electronic components that manages the data flow between the processor and other hardware in a device. The upgraded chipset in Xiaomi’s new TV Box S enhances its performance, allowing faster processing and improved streaming capabilities.
