- Robinhood announced that it is buying Say Technologies for $140 million. This is why.
Robinhood announced that it is buying Say Technologies for $140 million in cash. Say Technologies helps people communicate with the companies that they invest in.
Essentially Say Technologies helps publicly traded companies hear the questions that investors are looking to get answered. Plus it helps investors voted at annual meetings at companies.
Robinhood Chief Product Officer Aparna Chennapragrada said that Say was built on the belief that everyone should have the same access to the financial markets as Wall Street insiders. And both companies have a common goal of eliminating the barriers that prevent people from participating in financial systems.
“Like Robinhood, Say was built on the belief that everyone should have the same access to the financial markets as Wall Street insiders. We share a common goal of eliminating the barriers that keep people from participating in our financial system. Say has reimagined investor communications from the ground up, and their products have made it easier for millions of people to have a voice in the companies they invest in. Say’s proxy processing technology helps broker-dealers give their customers seamless access to their vote, and its Q&A platform lets everyday shareholders participate in events like earnings by asking and upvoting questions.”
“As part of the Robinhood family, Say will keep offering its proxy voting services and Q&A platform to existing customers. And together, we’ll find new ways to expand what it means to be an investor through new products and experiences that democratize shareholder access.”
— Robinhood Chief Product Officer Aparna Chennapragrada
“We founded Say to give investors a better way to engage with the companies they own, and to give companies tools to better understand and access their investors. As part of the Robinhood family, we’ll be able to further our goal of creating a new ecosystem of ownership and engagement to benefit all investors and companies.”
— Alex Lebow, Co-Founder & CEO of Say Technologies