Get $20-$100 from Them Get $5-$40 From Me🍁 (Canadian Brokerage & Crypto)

Moomoo (referral link) is offering $50 for a $100 deposit. They also offer $2000 in fee reimbursements for 60 days and hundreds in cash vouchers for stocks for deposits and account transfers. I will add $20 for a $100 deposit.

Kraken (link) is offering $100 (sometimes $50, sometimes $100) in Bitcoin when you deposit $200 and trade $200. You can't buy stablecoins (ie. USDC or USDT), you have to buy $200 of real crypto (ie. BTC, ETH, SOL). You can sell and withdraw whenever you want and they'll still send the bonus. Also, you can use a 1 month trial of Kraken Pro to save on fees (cancel whenever you want). I'll pay $20 for a $200 deposit and $200 trade (or $10 if the bonus is $50).

Wealthsimple (link) is offering $25 for signing up and depositing as little as $1. They offer zero fee trading except for currency conversion and option contracts. The bonus should be paid within a business day. I will add $5 for sign-up and deposit and I'll pay the $1 deposit if you can verify that you've created your account.

VirgoCX (link) is a crypto brokerage that is offering $5 for sign-up and $15 for depositing $100. I'll add $5 for sign-up and deposit.

Webull Canada (link) is offering $50 + 2% cash back for a $100 deposit. They're also paying a lot of other bonuses for account transfers and deposits. I'll pay $40 for a $1000 deposit (I can't pay for any less than a $1000 deposit).

Fanduel Ontario (link) will pay you $25 for a $25 deposit. You have to play through $35 ($25 free from Fanduel + $10 of the deposit), then you can withdraw the money. I recommend playing European Roulette and betting Even + Odd so that you've put the money in play and then can withdraw it. You have a 97.3% chance of losing $0 that way, plus they'll give it back in casino credit in the unlikely event that you lose. I'll pay you $20 for completing $25 deposit + $35 playthrough (Ontario only). Remember to turn off your VPN for this site.

All of these sites will require the usual ID verification. Click the company name for the link to the mentioned bonus.

All of these apps have verification for referral completion. When you start the referral process, let me know and I'll pay for any and all that you complete. Pay proof is available upon request.

🎉We have an exciting new Launchpool opportunity live that's perfect for promotion!💰

https://www.reddit.com/gallery/1n801re

Managing cost basis on a transfer

I’m keeping my self custody Bitcoin where it is right now. So I’m not entirely moving to the dark side lol

I do have a fair bit sitting in centralized exchanges anyway, and wanted to take advantage of the robinhood 2% offer.

I’m planning on never selling anyway, but how should I handle tax basis? I’m mainly moving from coinbase. Any tips? I have heard a rumor of someone getting a taxable event doing this

My biggest reluctance is coinbase does a decent job on the tax part. I don’t really want to move the funds around but 2% is a lot.

I guess the other bit to consider is transfer costs and staking.

Figma, Inc. Quarterly Report Released - Here’s What You Should Know

Figma, Inc. Quarterly Report
Period Ending: June 30, 2025

Key Financial Metrics:

• Revenue:

  • Q2 2025: $249.6 million, up 41% from $177.2 million Q2 2024
    
  • First six months 2025: $477.8 million, up 43% from $333.4 million first half 2024

• Cost of Revenue:

  • Q2 2025: $27.9 million, down 29% from $39.6 million Q2 2024
    
  • First six months 2025: $47.3 million, down 10% from $52.3 million

• Gross Profit / Margin:

  • Q2 2025: $221.8 million / 89%
    
  • First six months 2025: $430.5 million / 90%

• Net Income (Loss):

  • Q2 2025: $28.2 million net income
    
  • Q2 2024: $(827.9) million net loss
    
  • First six months 2025: $73.1 million net income
    
  • First six months 2024: $(814.3) million net loss

• Adjusted Free Cash Flow:

  • Q2 2025: $60.6 million (margin: 24%)
    
  • First six months 2025: $155.2 million (margin: 33%)

• Operating Cash:

  • June 30, 2025: $621.6 million cash & cash equivalents
    
  • Marketable securities: $971.7 million
    
  • Digital assets: $30.1 million
    
  • Bitcoin ETF investment: $90.8 million

• Deferred Revenue:

  • June 30, 2025: $433.1 million (vs. $305.2 million June 2024)

• Key Operating Metrics:

  • Paid Customers >$10,000 ARR: 11,906 (vs. 9,071 prior year)
    
  • Paid Customers >$100,000 ARR: 1,119 (vs. 787)
    
  • Net Dollar Retention Rate: 129% (vs. 130%)

• Stockholders’ Equity:

  • June 30, 2025: $1,427.2 million (up from $1,324.1 million Dec 31, 2024)

Risks:

• Growth and Scalability Challenges:

  • The company’s rapid prior growth may not continue, and effective management of increased customer base and complex deployments is required. As noted, integrating AI capabilities and expanding product offerings increase technical complexity, which may complicate scaling operations.

• Operating Results Volatility:

  • The report highlights that operating results fluctuate due to factors including the timing of investments, impacts of AI, macroeconomic conditions (such as wars and global events), and market acceptance of new pricing and billing models.

• Competition and Market Dynamics:

  • Intense competition from better-resourced companies, especially in the AI and design tool sectors, poses risk of market share loss. The document points to the challenge of keeping pace with AI developments and the possibility that competitors may integrate AI more quickly or effectively.

• Customer Growth and Retention:

  • Long-term growth depends on acquiring new customers and increasing product adoption by existing customers. The company’s ability to convert free users to paying customers and compete in maturing product markets is critical; conversion rates and churn could be impacted by innovation cycle, macroeconomic weakness, and competitive offerings.

• AI-Related Risks:

  • Significant investments in generative AI carry risk of legal, reputational, and regulatory outcomes (referenced: potential for AI-generated content to infringe third-party intellectual property and the evolving regulatory environment such as Europe’s AI Act).

• Cloud Hosting and Technology Dependence:

  • Figma is reliant on Amazon Web Services for hosting. Disruptions or changes to AWS agreements may impact service availability and costs.

• Data Security and Privacy:

  • As a platform handling sensitive customer data, Figma is exposed to cybersecurity threats, breaches, and evolving global data protection laws. Notably, recent AI tools used by malicious actors increase the sophistication of potential attacks.

• Concentration of Voting Power:

  • The multi-class voting structure concentrates over 70% of voting power with CEO Dylan Field post-IPO, which may limit other shareholders’ influence on company decisions.

• Integration/Acquisition Risks:

  • Recent technology company acquisitions bring integration risk (e.g., April 17, 2025 and April 7, 2025 acquisitions), including technical and personnel challenges, and potential discovery of hidden liabilities.

• Global and Regulatory Risks:

  • Expanding internationally introduces exposure to currency fluctuations, differing regulations, localization costs, and data localization requirements (noted as challenges in successfully pricing and collecting revenue in global markets).

Management Discussion and Analysis:

• Abandoned Merger Impact:

  • Termination of the Adobe merger in December 2023 resulted in significant one-time operating expenses in 2024, distorting prior-year comparables. The adoption of employee-focused equity releases and a 2024 tender offer increased expenses in that period.

• Operating Leverage and Efficiency Gains:

  • The substantial year-over-year decline in operating expenses (R&D down 84%, Sales & Marketing down 65%) is mainly attributed to reduced stock-based compensation and the absence of merger/tender offer transaction costs that occurred in 2024.

• Product and Platform Expansion:

  • In 2025, Figma doubled its product offerings (including Figma Sites, Make, Buzz, and AI-driven “Story” and “Research”), broadening addressable market and customer engagement points. AI-driven features are emphasized as a future growth driver—but also as a cost center due to investment needs.

• Revenue Growth Drivers:

  • Growth in large enterprise customers (>$100,000 ARR), consistent net dollar retention (129%), and international expansion are cited as core drivers.

• Profitability and Cash Generation:

  • Figma swung to profitability and positive free cash flow in 2025 after a loss-driven, expense-heavy 2024. Operating margins (non-GAAP) improved to 11% for the six months ended June 30, 2025 from 7% prior, with Gross Margin holding strong at 90%.

• Post-Period Events:

  • Key subsequent events include the July 2025 drawdown ($330.5 million) on a new revolving credit facility (Morgan Stanley), approval of new RSU grants, and completion of the IPO in August 2025 (12.47 million shares issued).

Liquidity and Capital Resources:

• Liquidity is robust, with over $1.6 billion in total cash, marketable securities, and digital assets as of June 30, 2025.
• Deferred revenue and collections from subscription customers remain the largest sources of operating cash.
• The company has ample capacity to fund planned investments, with additional access to a newly established revolving credit facility if needed.

Summary for Investors:

Figma reported strong revenue growth and a transition to profitability in the first half of 2025, benefiting from disciplined cost control and the absence of one-off expenses related to the terminated Adobe merger and equity restructuring in 2024. Key operational strengths are rising enterprise adoption, robust retention, and an expanding platform driven by new AI features.

Investors should note the significant risks associated with rapid scaling, technical and regulatory evolution (especially in AI), and a concentrated voting structure that may limit minority shareholder influence. The transition to public company reporting, competitive headwinds (especially from larger software and AI vendors), and the need for ongoing product innovation also present challenges. Despite these risks, Figma’s strong liquidity position and cash generation provide it with the flexibility to invest for further growth, pursue new markets, and weather macroeconomic uncertainties.

Visit Publicview AI to search and analyze millions of SEC filings using AI.