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Illustration: Lazaro Gamio/Axios

GoodRx, a Santa Monica, California-based telemedicine and drug discount company, has filed to go public on the Nasdaq under the symbol "GDRX."

Why it matters: The company is among a flurry of tech firms that have recently filed to go public — and it's actually profitable.

By the numbers:

  • GoodRx generated $388 million in revenue in 2019, up from $250 million the year prior.
    • Its net income was $66 million in 2019, up from $44 million in 2018. In the first half of 2020 GoodRx generated $257 million in revenue, up from $173 million in the first half of 2019. During that same period, it had a net income of $55 million, up from $31 million in the first half of 2019.
  • The company says its mobile app has 4.9 million monthly active users.
  • The biggest shareholders are Silver Lake, Francisco Partners, Spectrum Equity and GoodRx's co-CEOs and co-founders.

Of note: The filing also comes as a big win for the Los Angeles area tech scene.

Go deeper

The next steps in Bank of America's $1 billion pledge to fight inequality

Photo: Alex Tai/SOPA Images/LightRocket via Getty Images

Earlier this year, Bank of America committed to spending $1 billion over four years to address racial and income inequality in America, as a reckoning over systemic racism and police brutality took hold of the country. It said in September it would set aside $25 million of that initial sum for jobs initiatives in Black and Hispanic/Latino communities.

Driving the news: Now, we know the bank is giving $1 million to each of 21 colleges and universities with large populations of Black and Latino students: HBCU Morgan State University, St. Louis Community College and the University of Puerto Rico's Río Piedras campus — to name a few.

Nov 19, 2020 - Technology

Facebook removed 265,000 pieces of content on voter interference

Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)

Facebook says it removed more than 265,000 pieces of content from Facebook and Instagram in the U.S. for violating its content policies on voter interference leading up to the election.

Why it matters: The company was much more proactive this election cycle than last in taking down and labeling content attempting to disrupt the election.

Updated 2 hours ago - Politics & Policy

House cancels Thursday session as FBI, Homeland Security warn of threat to Capitol

Photo: Eric Baradat/AFP via Getty Images

The FBI and Department of Homeland Security predict violent domestic extremists attacks will increase in 2021, according to a report obtained by Axios.

Driving the news: The joint report says extremists have discussed plans to take control of the Capitol and "remove Democratic lawmakers" on or about March 4. The House canceled its plans for Thursday votes as word of the possible threats spread.