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=E2=80=A6and =E2=80=9CHouse of the = Dragon=E2=80=9D is a hit
=
 
=
(Sherwood)
 
=
Sponsored by
=
=
=  
Dow Jones38,835 (+0.15%)S&P 500
5,487 (+0.25%)		Nasdaq
17,862 (+0.03%)		Bitcoin
$65,191 (-1.94%)<= /span>
Dow Jones
38,835 (+0.15%)		S&P 500
5,487 (+0.25%)
Nasdaq
17,862 (+0.= 03%)		Bitcoin
$65,1= 91 (-1.94%)
<= /table>

Hey Snackers,

Brand= s are using TikTok to market =E2=80=9Cfacial fitness=E2=80=9D gum to teen b= oys as a tool to create jawlines chiseled enough to cut glass. Some teens ho= pe to chew and =E2=80=9Cmew=E2=80=9D their way into looking like Timoth=C3= =A9e Chalamet.

The S&P 500 notched a fresh record on Tuesday as <= b>Nvidia overtook Microsoft as the market=E2=80=99s MVPc (most valua= ble public company). The AI-generated tech boom has the =E2=80=9CBuffett In= dicator=E2=80=9D (aka: the ratio between a country=E2=80=99s stock market c= ap and its GDP) going wild lately.

=F0=9F=92=8C We=E2=80=99re movi= ng! Please add hello@snacks.robinhood.com to your email contacts = to ensure you never miss a Snacks newsletter (if you want to see how= to add a contact, scroll to the end of this email).

Stretched
=
<= /table>

Lululemon=E2=80=99s US growth sours = as athleisure rivals like Alo and Vuori make strides

When life gives you Lululemons=E2=80=A6 Lululemon is one of= the S&P 500=E2=80=99s worst-performing stocks this year (d= own nearly 40%), and investors are worried that the downward dog trajectory= could continue. The hot-yoga staple has been struggling with cold growth i= n North America, its largest market. This month, Lulu reported flat compara= ble sales growth in the =E2=80=9CAmericas=E2=80=9D unit, which makes up ove= r 70% of its quarterly revenue (though sales outside America grew 25%). The= legging legend gave a weak forecast for this quarter as competition heats = up at home.

The Alo effect=E2=80=A6 Lulu was riding high durin= g the pandemic as folks wore its comfy fits for at-home yoga, grocery runs,= and work-from-couch sessions. It=E2=80=99s not that workout sets aren=E2= =80=99t cool anymore =E2=80=94=C2=A0it=E2=80=99s that there are more cool w= orkout sets. Lulu was the athleisure go-to for years, but now it has some s= weat-worthy competition. Since the pandemic, prestige athleisure brands = Alo and Vuori have made big gains in the space with #buttery mat= ching sets, which often cost at least $150.

  • Alo gained trendy status as = celebs like Taylor Swift and Hailey Bieber were photographed wearing its le= ggings. It has enlisted influential brand ambassadors
    including Kendall = Jenner.

  • Vuori, which hit a $= 4B valuation after a $400M Softbank investment, made ads starrin= g LSU gymnast Livvy Dunne and has had its men=E2=80=99s apparel sported by = stars like Zac Efron.

  • Too cl= ose for comfort: A whopping 90% of Vuori stores and 84% of Alo stores o= perate within half a mile of a Lululemon location. Both are rapidly expandi= ng their footprints.

THE TAKEAWAY
=

The middle is inflexible=E2=80=A6 Not only doe= s Lulu face tough competition from pricey rivals, but it=E2=80=99s also losing market share to dupes (think: $20 le= ggings you see on Amazon). It even hosted a dupe swap in LA, offerin= g its Align High-Rise pants in exchange for cheaper copycats (hmm). With co= mpetition from both sides of the price spectrum, Lulu will have to find a w= ay to regain its prestige advantage =E2=80=94=C2=A0or move downmarket.

<= p>Read this online

Sponsored by RAD AI
=

=F0=9F=93=A3 Round closing tomorrow: Add game-chan= ging AI to your portfolio

Attention inv= estors=E2=80=A6 RAD AI is closing the current round today. Jump on boar= d the RAD AI train before it closes=E2=80=A6 and the company gears up for a= new phase of growth.

The investor advantage:

  • Market: RAD A= I capitalizes on the $633B content and data indus= try revolution with their "award-winning=E2=80=9D AI technology.= =C2=A0

  • Brands: Clients l= ike Hasbro, Skechers, Sweetgreen, and Ro saw up to 3.5X ROI with RAD= AI. This is just one reason why RAD AI is beating their competition= .

  • Scale: The company pro= vides AI innovation for some of the leading marketing agencies in the world= ; over 15 of them work with RAD, and those relationships are growing exp= onentially.

  • Buyouts:= RAD AI is aiming to acquire marketing agencies that can use its AI technol= ogy to deliver more value and differentiation for its clients. The company = believes strategic buyouts, powered by RAD AI, will create significa= nt shareholder value.

Get in on =E2=80=9Cthe=E2=80=9D AI= startup that is changing the game =E2=80=94 learn more h= ere.*

<= /table>

IRONT= HRONE
=
<= /div>
<= /table>

HBO hopes to fire = up Max with =E2=80=9CHouse of the Dragon=E2=80=9D as streamers rely on hit = shows

The Greens are coming=E2=80=A6 = and Warner Bros. Discovery hopes not just for Rhaenyra Targaryen. HB= O Sunday nights are back: the second season of =E2=80=9CGame of Thrones=E2= =80=9D spinoff =E2=80=9CHouse of the Dragon=E2=80=9D premiered on Max on Ju= ne 16 to nearly 8M viewers =E2=80=94 the streamer=E2=80=99s biggest day eve= r. Warner=E2=80=99s HBO could use a hit: it=E2=80=99s been a while since = =E2=80=9CSuccession=E2=80=9D or =E2=80=9CThe White Lotus,=E2=80=9D and HBO = has yet to recapture GoT=E2=80=99s success. Max has nearly 100M subscribers= , but it=E2=80=99s still lagging Netflix, Amazon Prime Video, and Di= sney+. Back at HQ, Warner is looking to pay down a debt load of $43B, and i= ts shares have slipped 40% this year after weak earnings.

  • Promo push: HB= O social posts showing Targaryen banners digitally added to major landmarks= including NYC=E2=80=99s Brooklyn Bridge went viral. HBO also draped an act= ual 270-foot inflatable dragon (Vhagar, IYKYK) around the Empire State Buil= ding.

The tentpole TV era=E2=80=A6 One survey found = that it=E2=80=99s not uncommon for Americans to subscribe to a streamer jus= t to watch one show, and streaming cos have taken that to heart. Amazon rep= ortedly spent ~$1B making its =E2=80=9CThe Lord of the Rings=E2=80=9D spino= ff, =E2=80=9CThe Rings of Power,=E2=80=9D for Prime Video. It=E2=80=99s now= its most-watched show with four more seasons planned. =E2=80=9CSh=C5=8Dgun= =E2=80=9D has been a breakout hit for Disney=E2=80=99s Hulu, while <= b>Apple=E2=80=99s hyping season two of =E2=80=9CSeverance=E2=80=9D for = Apple TV+. Meanwhile, streamers are releasing shows in chunks to keep folks= subbing (like Netflix splitting up =E2=80=9CBridgerton=E2=80=9D).

  • Subscript= uration: As subscription fatigue sets in, there were a record 50M+ subs= cription cancelations in the first quarter of this year (see this chart).

THE TAKEAWAY

One show doesn=E2=80=99t ma= ke a streamer=E2=80=A6 Subscribers that sign up for a streamer just to = see one title may cancel after the finale. During its last earnings call, W= arner=E2=80=99s CEO said that =E2=80=9Cchurn is the killer in this business= and we=E2=80=99ve been hyper focused on it.=E2=80=9D One possible solution= : combining forces through bundles. Warner=E2=80=99s teaming up with Disney= to launch a Max, Disney+, and Hulu bundle.

Read this online

<= /table>
What else we're Snackin'

    BNPL: Apple=E2= =80=99s ending its buy now, pay later service less than a year after it lau= nched. Apple said it plans to use third-party BNPL lenders like Affirm to let banks offer the service through Apple Pay.

  • Closed:= McDonald=E2=80=99s pulled the plug on its AI drive-thrus (picture: bot= s taking orders), which it had tested in partnership with IBM. Fast = foodies have been trying to automate, but getting the tech right has been a= tall order.

  • Burn= : Philip Morris halted US sales on Zyn.com after its subsidi= ary received a subpoena related to whether the nicotine pouches comply with= a 2022 ban on flavored tobacco. Zyn has gained popularity as smoke-free al= ts soar.

  • Woof: Nation= wide Pet, the US=E2=80=99s largest pet insurer, said it=E2=80=99d cance= l coverage for 100K fluffy friends as the cost of vet care spikes (up 8% Yo= Y). Pet owners spent $38B on vet care and products last year, and about a q= uarter buy insurance.

  • Layers= : The US gov=E2=80=99t sued Adobe over accusations that, acco= rding to FTC Chair Lina Khan, it made its software subscriptions =E2=80=9Ca= bsurdly hard to cancel.=E2=80=9D Adobe=E2=80=99s sub revenue is up 16x over= the past decade.

=
<= /table>
<= div style=3D"font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;;fo= nt-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000= ;">Read more
Snack = Fact Of the Day

On average, = US teens spend nearly 5 hours/day on social media

<= /table>
=
Thursday

  • Summer solstice for Northern Hemisphere

  • World Refugee Day

  • =

    Earnings expected from Aurora Cannabis, Accenture, Krog= er, Darden Restaurants, Jabil, and Winnebago

Authors of this Snacks own shares of: Amazon, Apple, Disn= ey, Microsoft, Nvidia, and Warner Bros. Discovery

=F0=9F=93=A7 How= to add hello@snacks.robinhood.com to your email contacts:

Gma= il:=C2=A0

Apple Mail:

  • Mobile: Tap and hold on hello@snacks.robinhood.com, then select Add = to Contacts.

  • Desktop: Click= h= ello@snacks.robinhood.com, which will open an email to us. Click on= our email address, and select Add to Contacts.

    • O= utlook:

    Advertiser's disclosures:
    *INVESTMENTS IN PR= IVATE PLACEMENTS ARE SPECULATIVE, POSSESS A HIGH LEVEL OF RISK, ARE HIGHLY = ILLIQUID, AND THOSE INVESTORS WHO CANNOT HOLD AN INVESTMENT FOR AN INDEFINI= TE TERM SHOULD NOT INVEST. NO ASSURANCE CAN BE GIVEN THAT INVESTORS WILL RE= CEIVE A RETURN OF THEIR CAPITAL. PLEASE CAREFULLY REVIEW THE TERMS OF THIS OFFERING, INCLUDING FEES, RISKS, AND IN= VESTMENT DETAILS BEFORE INVESTING.

    =
    <= /table>
    =
    <= tbody>
    Sherwood Media, LLC produces fresh and unique pers= pectives on topical financial news and is a fully owned subsidiary of Robin= hood Markets, Inc., and any views expressed here do not necessarily reflect= the views of any other Robinhood affiliate... See more=
    --c6bf7d130e0b190d9baed5b916e550f68eb923a1e077460ca7fa34f03385 Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Mime-Version: 1.0
    =E2=80=A6and =E2=80=9CHouse of the = Dragon=E2=80=9D is a hit
    =
     
    <= /td>
    (Sherwood)
     
    =
    Sponsored by
    =
    =
    Yesterday=E2=80=99s Market Moves
     
    Dow Jones
    38,835 (+0.15%)    		S&P 500
    5,487 Nasdaq
    = 17,862 (+0.03%)    =     		= Bitcoin
    $65,191 (-1.94%)
    Dow Jones
    38,835 (+0.15%)    		S&P 500
    (+0.25%)
    Nasdaq
    17,862 (+0.03%)    		Bitcoin
    $65,191 (-= 1.94%)
    <= /table>

    <= b>Hey Snackers,

    Brands are using TikTok to market =E2=80=9Cfacial= fitness=E2=80=9D gum to teen boys as a tool to create jawlines chiseled enough to cut glass. Some= teens hope to chew and =E2=80=9Cmew=E2=80=9D their way into looking like T= imoth=C3=A9e Chalamet.

    The S&P 500 notched a fresh record on Tues= day as Nvidia overtook= Microsoft as the market=E2=80=99s MVPc (most valuable public compan= y). The AI-generated tech boom has the =E2=80=9CBuffett Indicator=E2=80=9D = (aka: the ratio between a country=E2=80=99s stock market cap and its GDP) <= a href=3D"https://sg.robinhood.com/ls/click?upn=3Du001.XlCJqwwOL58T-2B5u1T1= OmQAncTv0UPX2m6jS6VD2awUjN9gPbPP5OMO-2BHsA8QqeIZ49s4tPdA3DG0wWxaTcf0PkqV2C2= -2Fks7oyhMyI4Xn68wDQFi65GMDsjasqmyTp69-2F2z6klGWQdsBosysRR8szv1Qa9-2BCXnRDc= o2D4VL3-2FsGnVipTi0H5XGTkziYdhTC6ratKAVRh6IF4WzZKk7i7UqHRpTHj00x5k1DUjlX9fW= dU-3Df0iI_IHWeHh5OxE-2FFI4JuNZQ4XTt6Ks7Su2x6u3F6QZGQ-2BodgnEHT8k5DyHF5uhkmw= ojR40AVjPeF359VpMFsMPUd1-2BGe51a-2F-2FwmglFNC58SccnKMF-2B2kjhGXeSUGfhm95HbL= LhqTz55CRfM29J-2FY6ENBx0yf1IX1qJI-2Bun85Miexz0OSOZW8S14xQnqkpl527SuEGeBBWdD= pIcsDSRSU9nNI29qDJZlvprrQytzwkFsJnfrA45pFJAB-2F83OnRplhAr36I0ZOG4k2Ut0p2TcB= qw1rPrtvXi0JcKEAlQS-2FxDcAf1WvqrFrV4n2DWYPc2OK-2Fgzcy8z09oN1rFDoIx7Iolbbh9g= nukH2XSW3EucXFVlcOyacBZWRxBmEhOgdBOIwoCcaNpZrrykEr6MVTretl9FDWgL29MbQyqRLCB= dxSu3Nzgc9ENPssjrn5UfCkp4ccLyT8hPdvQQ7qUtsj3jQw6om96mCpQPiegN4DTT1jagRRfqEp= jhz7ADBiPFdakv1zUJXiyHU1hpQeZYeBb8zU1962wS1bZmOlBnLyFU00Xx15atnEALIXxqraVpP= MbsxaoJJyXgQ29dg2cGuesOmbWujkhFunXtiqJd2MtT491AXw1rOgddISqTY1a6T1cpeSKpI50l= -2Fg-2FQrDU6urAaxa1NAE-2FrSPOhdF2ynuMzv1nZYx7b0onpF0vu0bSG2eM65eMb-2Fg0ijSi= dksu0XzU0NJdFYAA-3D-3D" rel=3D"noopener" style=3D"color:#5869FF;font-weight= :bold;text-decoration:underline;text-decoration-thickness:2px;text-underlin= e-offset:1px" target=3D"_blank" class=3D"css-0">going wild latel= y.

    =F0=9F=92=8C We=E2=80=99re moving! Please add hello@snacks.ro= binhood.com to your email contacts to ensure you never miss = a Snacks newsletter (if you want to see how to add a contact, scroll to the= end of this email).

    3D""
    = Stretched
    <= /table>
    =
    <= /table>

    Lululemon=E2= =80=99s US growth sours as athleisure rivals like Alo and Vuori make stride= s

    When life gives you Lululemons=E2=80=A6= Lululemon is one of the S&P 500=E2=80=99s worst-performing= stocks this year (down nearly 40%), and investors are worried that= the downward dog trajectory could continue. The hot-yoga staple has been s= truggling with cold growth in North America, its largest market. This month= , Lulu reported flat comparable sales growth in the =E2=80=9CAmericas=E2=80= =9D unit, which makes up over 70% of its quarterly revenue (though sales ou= tside America grew 25%). The legging legend gave a weak forecast for this q= uarter as competition heats up at home.

    The Alo effect=E2=80=A6 Lulu was riding high during the pandemic as folks wore its comfy fits for= at-home yoga, grocery runs, and work-from-couch sessions. It=E2=80=99s not= that workout sets aren=E2=80=99t cool anymore =E2=80=94=C2=A0it=E2=80=99s = that there are more cool workout sets. Lulu was the athleisure go-to for ye= ars, but now it has some sweat-worthy competition. Since the pandemic, pres= tige athleisure brands Alo and Vuori have made big gains in t= he space with #buttery matching sets, which often cost at least $150.

  • Alo ga= ined trendy status as celebs like Taylor Swift and Hailey Bieber were p= hotographed wearing its leggings. It has enlisted influential brand ambassa= dors
    including Kendall Jenner.

  • =

    Vuori, which hit a $4B valuation after a $400M Softbank in= vestment, made ads starring LSU gymnast Livvy Dunne and has had its men=E2= =80=99s apparel sported by stars like Zac Efron.

  • Too close for comfort: A whopping 90% of Vuori stores an= d 84% of Alo stores operate within half a mile of a Lululemon location. Bot= h are rapidly expanding their footprints.

    • =
    THE TAKEAWAY

    The middle is inflexibl= e=E2=80=A6 Not only does Lulu face tough competition from pricey rivals= , but it=E2=80=99s also losing market = share to dupes (think: $20 leggings you see on Amazon). It even host= ed a dupe swap in LA, offering its Align High-Rise pants in exchange for ch= eaper copycats (hmm). With competition from both sides of the price spectru= m, Lulu will have to find a way to regain its prestige advantage =E2=80=94= =C2=A0or move downmarket.

    Read this online

    Sponsored by RAD AI
    =     <= td align=3D"left" class=3D"type-no-paragraph-margins" style=3D"font-size:0p= x;padding:0;word-break:break-word;">

    =F0=9F=93=A3 Round closing tomor= row: Add game-changing AI to your portfolio

    = Attention investors=E2=80=A6 RAD AI is closing the current round tod= ay. Jump on board the RAD AI train before it closes=E2=80=A6 and the compan= y gears up for a new phase of growth.

    The investor advantage:<= /p>

    • M= arket: RAD AI capitalizes on the $633B content and dat= a industry revolution with their "award-winning=E2=80=9D AI techno= logy.=C2=A0

    • Brands: Clie= nts like Hasbro, Skechers, Sweetgreen, and Ro saw up to 3.5X ROI wit= h RAD AI. This is just one reason why RAD AI is beating their compet= ition.

    • Scale: The compan= y provides AI innovation for some of the leading marketing agencies in the = world; over 15 of them work with RAD, and those relationships are growing <= i>exponentially.

    • Buyouts= : RAD AI is aiming to acquire marketing agencies that can use its AI te= chnology to deliver more value and differentiation for its clients. The com= pany believes strategic buyouts, powered by RAD AI, will create sign= ificant shareholder value.

    Get in on =E2=80=9Cthe=E2=80= =9D AI startup that is changing the game =E2=80=94 lea= rn more here.*

    IRONT= HRONE
    =
    <= /div>
    <= /table>

    HBO hopes to fire = up Max with =E2=80=9CHouse of the Dragon=E2=80=9D as streamers rely on hit = shows

    The Greens are coming=E2=80=A6 = and Warner Bros. Discovery hopes not just for Rhaenyra Targaryen. HB= O Sunday nights are back: the second season of =E2=80=9CGame of Thrones=E2= =80=9D spinoff =E2=80=9CHouse of the Dragon=E2=80=9D premiered on Max on Ju= ne 16 to nearly 8M viewers =E2=80=94 the streamer=E2=80=99s biggest day eve= r. Warner=E2=80=99s HBO could use a hit: it=E2=80=99s been a while since = =E2=80=9CSuccession=E2=80=9D or =E2=80=9CThe White Lotus,=E2=80=9D and HBO = has yet to recapture GoT=E2=80=99s success. Max has nearly 100M subscribers= , but it=E2=80=99s still lagging Netflix, Amazon Prime Video, and Di= sney+. Back at HQ, Warner is looking to pay down a debt load of $43B, and i= ts shares have slipped 40% this year after weak earnings.

    • Promo push: HB= O social posts showing Targaryen banners digitally added to major landmarks= including NYC=E2=80=99s Brooklyn Bridge went viral. HBO also draped an act= ual 270-foot inflatable dragon (Vhagar, IYKYK) around the Empire State Buil= ding.

    The tentpole TV era=E2=80=A6 One survey found = that it=E2=80=99s not uncommon for Americans to subscribe to a streamer jus= t to watch one show, and streaming cos have taken that to heart. Amazon rep= ortedly spent ~$1B making its =E2=80=9CThe Lord of the Rings=E2=80=9D spino= ff, =E2=80=9CThe Rings of Power,=E2=80=9D for Prime Video. It=E2=80=99s now= its most-watched show with four more seasons planned. =E2=80=9CSh=C5=8Dgun= =E2=80=9D has been a breakout hit for Disney=E2=80=99s Hulu, while <= b>Apple=E2=80=99s hyping season two of =E2=80=9CSeverance=E2=80=9D for = Apple TV+. Meanwhile, streamers are releasing shows in chunks to keep folks= subbing (like Netflix splitting up =E2=80=9CBridgerton=E2=80=9D).

    • Subscript= uration: As subscription fatigue sets in, there were a record 50M+ subs= cription cancelations in the first quarter of this year (s= ee this chart).

    THE TAKEAWAY

    One show doesn=E2=80=99t make a streame= r=E2=80=A6 Subscribers that sign up for a streamer just to see one titl= e may cancel after the finale. During its last earnings call, Warner=E2=80= =99s CEO said that =E2=80=9Cchurn is the killer in this business and we=E2= =80=99ve been hyper focused on it.=E2=80=9D One possible solution: combinin= g forces through bundles. Warner=E2=80=99s teaming up with Disney to launch= a Max, Disney+, and Hulu bundle.

    Read thi= s online

     
    <= /table>
    What else we're Snackin'

      BNPL= : Apple=E2=80=99s ending its buy now, pay later service less than a = year after it launched. Apple said it plans to use third-party BNPL lenders= like Affirm to let banks offer the service through Apple Pay.

    • Closed= : McDonald=E2=80=99s pulled the plug on its AI drive-thrus (= picture: bots taking orders), which it had tested in partnership with IB= M. Fast foodies have been trying to automate, but getting the tech righ= t has been a tall order.

    • Burn: Philip Morris halted US sales on = Zyn.com after its subsidiary received a subpoena related to whether the nic= otine pouches comply with a 2022 ban on flavored tobacco. Zyn has gained po= pularity as smoke-free alts soar.

    • Woof: Nationwide = Pet, the US=E2=80=99s largest pet insurer, said it=E2=80=99d cancel cov= erage for 100K fluffy friends as the cost of vet care spikes (up 8% YoY). P= et owners spent $38B on vet care and products last year, and about a quarte= r buy insurance.

    • Layers: The US gov=E2=80=99= t sued Adobe over accusations that, according to FTC Chair Lina Khan= , it made its software subscriptions =E2=80=9Cabsurdly hard to cancel.=E2= =80=9D Adobe=E2=80=99s sub revenue is up 16x over the past decade.

      • =

    =
    <= /table>
    <= div style=3D"font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;;fo= nt-size:16px;font-weight:400;line-height:24px;text-align:left;color:#000000= ;">Read more
    Snack = Fact Of the Day

    On average, = US teens spend nearly 5 hours/day on social media

    =
    <= /table>
    = <= tr>
    Thursday

    • Summer solstice for Northern Hemisphere

    • World Refugee Day

    • =

      Earnings expected from Aurora Cannabis, Accenture, Krog= er, Darden Restaurants, Jabil, and Winnebago

    Authors of this Snacks own shares of: Amazon, Apple, Disn= ey, Microsoft, Nvidia, and Warner Bros. Discovery

    =F0=9F=93=A7 How= to add hello@snacks.robinhood.com to your email contacts:

    Gma= il:=C2=A0

    Apple Mail:<= /p>

    <= p>Outlook:

    Advertiser's disclosures:
    *INVESTMEN= TS IN PRIVATE PLACEMENTS ARE SPECULATIVE, POSSESS A HIGH LEVEL OF RISK, ARE= HIGHLY ILLIQUID, AND THOSE INVESTORS WHO CANNOT HOLD AN INVESTMENT FOR AN = INDEFINITE TERM SHOULD NOT INVEST. NO ASSURANCE CAN BE GIVEN THAT INVESTORS= WILL RECEIVE A RETURN OF THEIR CAPITAL. PLEASE CAREFULLY REVIEW THE TERMS OF THIS OFFERING, INCLUDING FEES, RISK= S, AND INVESTMENT DETAILS BEFORE INVESTING.

    =
    <= /td>
    =
    Sherwood Media, LLC produces fres= h and unique perspectives on topical financial news and is a fully owned su= bsidiary of Robinhood Markets, Inc., and any views expressed here do not ne= cessarily reflect the views of any other Robinhood affiliate... See more
    --c6bf7d130e0b190d9baed5b916e550f68eb923a1e077460ca7fa34f03385--