The online brokerage was especially popular among younger generations helped propel the meme stock boom until it became so overwhelmed that it suddenly clamped down on trading. That move outraged many customers who blamed the brokerage for losses, sparking inquiries by lawmakers and triggering lawsuits.
Robinhood has enjoyed a far more stable ride on the latest meme stock wave, an improvement that CEO Vlad Tenev credits to the brokerage becoming more mature and diversified as it expanded into retirement and credit card accounts.
Tenev, 37, recently discussed Robinhood’s evolution and the challenges of running a publicly held company that has seen its stock price fall about 40% below its July 2021 IPO price of $38). He also brushed off the threat of a federal regulatory investigation into Robinhood’s cryptocurrency arm that is now expanding with a $200 million acquisition of the crypto exchange Bitstamp.
HOW ARE YOU FEELING ABOUT THE INVESTING ENVIRONMENT NOW COMPARED TO A FEW YEARS AGO?
Diese Geschichte stammt aus der June 29, 2024-Ausgabe von Techlife News.
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Diese Geschichte stammt aus der June 29, 2024-Ausgabe von Techlife News.
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TECH TIP: START THE NEW YEAR WITH A CLEAN INBOX
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CAN AI HELP HUMANS UNDERSTAND ANIMALS AND RECONNECT WITH NATURE? A NONPROFIT RESEARCH LAB THINKS SO
Peeps trickle out of a soundproof chamber as its door opens. Female zebra finches are chattering away inside the microphone-lined box. The laboratory room sounds like a chorus of squeaky toys.
AMAZON IS ENDING ITS 'TRY BEFORE YOU BUY' OPTION FOR PRIME MEMBERS
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TAIWANESE CHIPMAKER TSMC POSTS 57% SURGE IN PROFIT THANKS TO THE AI BOOM
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HERE'S WHAT YOU NEED TO KNOW ABOUT CREDIT CARD DEFAULTS
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