"We want to make a huge investment and hire a ton of people," Tenev said, adding Robinhood counted over 6 million new crypto customers this year.
Duke Law Professor Gina-Gail S. Fletcher told Congress that payment for order flow models "undermine the relationship" between brokers and clients.
"I reject the idea that investing in the US capital markets is gambling," Robinhood CEO Vlad Tenev said.
"How many times should we let the same share be shorted? I think there's an argument that the answer should be one," Tenev said.
In a contentious hearing last week, Rep. Sean Casten called the Robinhood helpline and played the company's 12-second message that ends in a hang-up
Tenev was challenged by lawmakers, who asked how returns would compare if users had invested their money differently.
Robinhood CEO Vlad Tenev said the assets of his platform’s users have collectively grown by more than $US35 billion. Tenev was challenged on this point by lawmakers, who asked how that would compare if users invested their money differently. The CEO on Thursday defended the platform he founded in 2013 […]
Both Citadel Securities and Robinhood are seeking changes to how stock trading works. Ken Griffin and Vlad Tenev both want settlement times to be cut to reduce risk. They say the current system added to the GameStop chaos at the end of January. Sign up here for our daily newsletter, […]
Citadel's Ken Griffin and Robinhood's Vlad Tenev are among a handful of executives to be called to testify to Congress over the GameStop saga.
"Millions of new investors have entered the market," Robinhood CEO Vlad Tenev said. "It is time for the financial system to catch up."
Robinhood’s CEO received death threats after last month’s GameStop stock frenzy, Bloomberg reported. Robinhood restricted trading of GameStop shares on January 28 following an unexpected rally. CEO Vlad Tenev is set to testify in front of Congress on Thursday about Robinhood’s decision. Visit the Business section of Insider for more […]
CEO Vlad Tenev is set to testify in front of Congress on Thursday about Robinhood's decision to restrict trading on GameStop stock last month.
The CEOs, including Robinhood CEO Vlad Tenev, will testify on GameStop alongside Keith Gill, known more widely by his YouTube name Roaring Kitty.
CEO Vladimir Tenev said on the All-In podcast Robinhood could have communicated better. Tenev said: “Of course we’re not on the side of the hedge funds,” as Reuters first reported. Tenev is expected to testify on February 18 before a House committee, Politico reported. Visit the Business section of Insider […]
The House Financial Services Committee is holding a hearing on the GameStop saga on Thursday. YouTube streamer Roaring Kitty, as well as executives from Robinhood, Melvin Capital, and Citadel, will testify. The hearing will focus on short selling, online trading platforms, and gamification. Visit Business Insider’s homepage for more stories. […]
Robinhood was asked last week for a $US3 billion deposit to cover trading risks on highly-volatile stocks. That is why the brokerage imposed trading restrictions last week, CEO Vlad Tenev told Elon Musk. After Robinhood limited retail trading, the clearing agency cut down that figure to $US700 million. Sign up […]
Elon Musk interviewed Robinhood CEO Vlad Tenev on Sunday night on the audio app Clubhouse. He asked Tenev about why Robinhood stopped users from trading “meme stocks” such as GameStop. Tenev said the company had been asked to place a $US3 billion deposit after those stocks soared. Visit Business Insider’s […]
Robinhood narrowed down the list of stocks with trading restrictions from 50 to 8 on Monday. Users can still buy only one share in GameStop, according to the latest update. If a user already holds a higher number than the permitted limit, their positions will not be sold or closed. […]
Robinhood CEO Vlad Tenev said on CNBC Thursday the company doesn’t have liquidity issues. Concerns arose after Robinhood drew down its credit lines amid the trading frenzy on its platform. Tenev also defended the company’s choice to pause trading of some stocks, which outraged customers. Visit Business Insider’s homepage for […]
Robinhood will allow limited purchases to GameStop, AMC, and other stocks part of the recent Reddit-fuelled rally. The company said it restricted trading to comply with “financial requirements.” Businesses people and lawmakers criticised Robinhoods decision to restrict trading on January 28. Visit Business Insider’s homepage for more stories. Robinhood announced […]
Robinhood, a zero-fee stock-trading app popular among millennials, confirmed its series D funding round of $US363 million. The round places the company’s worth at $US5.6 billion. Robinhood says it will use the money to snag new talent, offer more financial-service options – among them a cryptocurrency-trading platform – and spearhead […]
New startups are delicate things. So it’s not surprising that the path to establishing a fledgling business can sometimes feel fraught with peril. No one appreciates this more than the founders of stock trading app Robinhood. Before they got their product off the ground, they struck out on 75 investor […]
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