![]() ![]() But whenever there’s criticism for the industry, since we represent it, we to some degree have to answer to it. So I think it’s a positive thing, that helps get the brand out there. You hear “Robinhood investors,” and that’s kind of become the new term for retail investors. Q: Why is Robinhood the lightning rod for so much criticism?Ī: Well, I think that Robinhood has become synonymous with retail investing and the individual investor in America, and with that comes good things and the downsides of it as well. So we’re proud to give access and to make it easier for people to use. It’s been reserved for the 1% for a very long time. And the stock market in particular has been a great source of wealth creation for so many people. Ultimately, though, more access is better. We accept that there’s always things that we could be doing better, and we’re investing a lot in making sure that customers are educated. Is that criticism justified?Ī: I don’t think so. ![]() ![]() Q: Your app makes it fun and easy to trade, but that’s something you get criticism for, both on Wall Street and from regulators. We think there’s a lot more we can still do to serve the individual investor. Individual investors have undoubtedly seen a resurgence over the past few years, and Robinhood has been part of that story. Is the IPO a sign the company has turned the corner?Ī: I think it’s an amazing milestone, and it’s really a celebration of the individual investor. Q: This year started off rocky for Robinhood with the GameStop saga. This interview has been edited for clarity and for length. But Tenev said he wants his app to encourage everyone to profit from the stock market, not just the elite. It also forced Robinhood to temporarily bar its customers from making some GameStop trades, after it suddenly had to post much more in collateral to its clearinghouses that process its trades.Ĭritics say the company based in Menlo Park, California, encourages unsophisticated investors to make dangerous bets by making it seem too much like a game. The mania led to big losses for some hedge funds, multiple halts in trading for stocks and congressional hearings asking who was getting hurt. ![]() Such investors are getting their first chance to grow their wealth, after years of falling further behind stock-owning households, but they also have been criticized for making too many risky trades with their newfound app.Įarly this year, they almost singlehandedly sent GameStop and a group of other “meme stocks” to heights professional investors called dangerously irrational. Tenev, who founded Robinhood with fellow Stanford graduate Baiju Bhatt in 2013, also said he accepts how his company has become synonymous with the boom in trading by smaller-pocketed and novice investors, for both good and ill. That covers everything from depositing paychecks to paying bills to splitting payments with friends. In an interview with The Associated Press, Tenev said he wants Robinhood to be the only app that people use on their phones for money. But while the IPO is a milestone, it’s not a culmination, according to CEO Vlad Tenev. Shares of Robinhood Markets are set to begin trading on the Nasdaq Thursday, a highly anticipated initial offering by the company that’s drawn a new generation of investors into the market and forced the industry to stop charging fees for trading. Now its sights are on the rest of the financial industry. The Company is present in Europe and North America, South America and Asia, excluding Japan.NEW YORK (AP) - Robinhood has already changed how people trade stocks and who’s doing it. Its products include interior trims, interior floors, trunk flooring, spacers, under engine shields, heat shields, dampers and stiffeners, among others. It supplies solutions, systems and products for the entire vehicle: engine bay, passenger compartment, trunk, body-in-white and exterior of motor vehicles. In addition, the Company offers measurement systems for automotive acoustics. It provides solutions for noise reduction and heat management for light vehicle and heavy truck manufacturers. Itemsĭiluted EPS Excluding Extraordinary Itemsĭividends per Share - Common Stock Primary IssueīlackRock Institutional Trust Company, N.A.Ĭharles Schwab Investment Management, Inc.Īutoneum Company profile About Autoneum Holding AGĪutoneum Holding AG is a Switzerland-based company engaged in acoustic and heat management solutions for motor vehicles. Interest Income (Expense), Net Non-Operating ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |