An interview with Robinhood CEO Vlad Tenev on the company's post-IPO stock plunge, catering to its most active users, job cuts, reining in expenses, and more
It's been a year since Robinhood IPO-ed and wow has a lot gone down since then. @antoniabmassa's story on the firm and its zen-like mood even after losing $4b and seeing a 77% stock plunge is worth a read! https://www.bloomberg.com/...
“It's not exactly the kind of atmosphere one might expect for a company that has lost more than $4 billion in the past five quarters and seen its stock plunge 77% since last July's initial public offering.” @antoniabmassa https://www.bloomberg.com/... via @wealth
The fading meme-stock mania is spurring Robinhood to shun small, casual day traders in favor of rich clients who trade stocks actively https://www.bloomberg.com/...