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☆ Watch CNBC's full interview with Robinhood CEO Vlad Tenev on global expansion, AI and a blowout Q1
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Robinhood CEO Vlad Tenev on global expansion, AI and a blowout Q1CNBC's Kate Rooney sits down with Robinhood CEO Vlad Tenev to discuss the company's better-than-expected Q1 results, and where he sees pockets of growth in the fintech space as the company expands its services and offerings on a global level.

Persons: Vlad Tenev, Kate Rooney

☆ Most of our deposits come from existing customers, says Robinhood CEO Vlad Tenev
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMost of our deposits come from existing customers, says Robinhood CEO Vlad TenevHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Vlad Tenev, Brian Sullivan, “ Organizations: CNBC

☆ Robinhood’s Credit Card Offers 3% Cash Back. Can It Last?
▼ + stars: | 2024-03-28 | by ( Ron Lieber | ) www.nytimes.com time to read: 1 min

Here’s the first thing to know about the new Robinhood credit card that promises 3 percent cash back on all purchases, without limits: Yesterday, when I asked Vlad Tenev, the company’s chief executive, to guarantee that it would stay at that level for 18 months, he would not. Cash-back offers from big card issuers like Citibank generally top out at about 2 percent, and it’s hard to make money even at that level. The Robinhood Gold Card is the company’s first credit card with its own branding. So what does it think it knows that nobody else does, and what exactly does it hope to accomplish? There are several ways to make money with credit cards.

Persons: Vlad Tenev, Charles Schwab Organizations: Citibank

☆ Robinhood CEO Vlad Tenev on new credit card: The idea is to add more things to Robinhood Gold
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood CEO Vlad Tenev on new credit card: The idea is to add more things to Robinhood GoldRobinhood co-founder and CEO Vlad Tenev joins 'Squawk Box' to discuss the company's new credit card, what he hopes to achieve with the new offering, the company's stock performance, and more.

Persons: Vlad Tenev

☆ Robinhood partners with Klutch Sports, brings Rich Paul on as advisor as it moves into sports and entertainment
▼ + stars: | 2024-03-07 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Rich Paul attends a basketball game between the National Basketball Association's Los Angeles Lakers and the Boston Celtics at Staples Center in Los Angeles on Feb. 23, 2020. He will work closely with Robinhood CEO Vlad Tenev to identify new partnership opportunities in the sports and entrepreneurship space. Paul, who founded Klutch in 2012, represents some of the biggest names in sports, including James. "When you think about what Robinhood represents, it represents access and entrepreneurship." Correction: Rich Paul is joining Robinhood as a strategic advisor.

Persons: Rich Paul, Robinhood, LeBron James, Rich Paul's, Paul, Vlad Tenev, Tenev, Rich, James, Klutch, Draymond, Trae Young, A'ja Wilson —, Klutch —, Ben Baller, brokerages Organizations: National Basketball, Los Angeles Lakers, Boston Celtics, Staples Center, Klutch Sport Group, CNBC, Klutch Sports, Klutch, United Talent Agency, Washington Wizards, Washington D.C, NBA, Robinhood, CNBC PRO Locations: Los Angeles, Robinhood, Washington, Metro, Akron

☆ Watch CNBC’s full interview with Robinhood CEO Vlad Tenev
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Robinhood CEO Vlad TenevRobinhood CEO Vlad Tenev and CNBC's Kate Rooney join 'The Exchange' to discuss recent traction in Robinhood's platform, how vital crypto is to the business, and more.

Persons: Vlad Tenev Robinhood, Vlad Tenev, CNBC's Kate Rooney

☆ Robinhood CEO Vlad Tenev: Our experience is 'quite good' for small and larger accounts
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood CEO Vlad Tenev: Our experience is 'quite good' for small and larger accountsVlad Tenev, Robinhood CEO, joins 'The Exchange' with CNBC's Kate Rooney to discuss retaining Robinhood customers on the platform, the company's shifting demographic, and more.

Persons: Vlad Tenev, CNBC's Kate Rooney

☆ This startup wants to find cancer faster with AI-powered full-body scans. See the 22-slide pitch deck that got Ezra $21 million.
▼ + stars: | 2024-02-08 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Read previewLast August, Kim Kardashian posted on Instagram that she'd gotten a full-body MRI scan from the startup Prenuvo, which sparked a national conversation about the merits of preventive imaging. With Kardashian's help, the scans were finally making headlines — and healthtech startup Ezra felt their impact. "The day that Kim Kardashian got a scan, even though it wasn't an Ezra scan, our day-over-day revenue spiked," Ezra CEO and cofounder Emi Gal told Business Insider. Those tailwinds have propelled growth for Ezra, which partners with radiology clinics to perform full-body MRI scans. And, with Ezra's scans, that startup has "helped hundreds of people find cancer," he added.

Persons: —, Kim Kardashian, she'd, Ezra, Emi Gal, Amir Dan Rubin, Anne Wojcicki, Vlad Tenev, David Prior, Esther Dyson, — Gal, Ezra Flash, radiologists, Gal, We've Organizations: Service, Business, VC, FirstMark, Firms, Allianz Life Ventures, Mana Ventures, Ventures, Seedcamp, LDV Locations: Gaingels, Republic

☆ Robinhood CEO defends payment for order flow, says practice is 'here to stay'
▼ + stars: | 2023-12-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Vlad Tenev, co-founder and CEO of Robinhood, rings the opening bell at the Nasdaq on July 29, 2021. Robinhood CEO Vlad Tenev says he doesn't believe that the payment for order flow (PFOF) model of market-maker routing that the company incorporates in the U.S. is under threat. Speaking with CNBC, Tenev defended the practice of PFOF, saying that it's "inherently here to stay." PFOF is the practice of routing trades through market-makers like Citadel Securities in return for a slice of the profits. Critics say that brokers have an incentive to direct order flow to market makers offering PFOF arrangements over the interests of their clients.

Persons: Vlad Tenev, Tenev, Robinhood, we've, Ameritrade, Charles Schwab, Morgan Stanley Organizations: Nasdaq, CNBC, Citadel Securities, U.S . Securities, Exchange Commission, European Union Locations: U.S

☆ Robinhood CEO expects a younger, tech-savvy customer base in the UK
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood CEO expects a younger, tech-savvy customer base in the UKRobinhood CEO and co-founder Vlad Tenev discusses the outlook for retail investing and how the market has changed since the Covid-19 pandemic.

Persons: Vlad Tenev

☆ Stock trading platform Robinhood to launch in UK after two failed attempts
▼ + stars: | 2023-11-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Features include the ability to choose from 6,000 U.S. stocks and 24-hour trading five days a week. Robinhood currently offers 24-hour trading in the U.S., allowing trades to happen outside 9:30 a.m. Robinhood won't offer U.K. stocks to begin with but will look to add them as it brings more products into the platform. Jordan Sinclair, Robinhood's U.K. chief, said he expects 24-hour trading to be popular, as it will let users trade on market-moving news. Dan Moczulski, U.K. managing director of EToro, a rival stock trading platform, said the arrival of more competition in the retail trading market marks "an exciting time for the industry."

Persons: Rafael Henrique, Robinhood, Jordan Sinclair, Sinclair, Tenev, Dan Moczulski, Moczulski, Vlad Tenev, We've Organizations: Getty, Robinhood's, CNBC Locations: U.S, British, England

☆ Robinhood CEO: Cleaning out bad actors in crypto is good for industry
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood CEO: Cleaning out bad actors in crypto is good for industryRobinhood CEO Vlad Tenev discusses the cryptocurrency market, his outlook for a bitcoin ETF, and regulatory problems surrounding the sector.

Persons: Vlad Tenev

☆ Robinhood opens in UK with low-cost US trading to woo clients
▼ + stars: | 2023-11-30 | by ( Sinead Cruise | ) www.reuters.com time to read: +2 min

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. Since then, trading activity has shrunk as people grapple with a cost-of-living crisis caused by high interest rates and inflation. Robinhood said UK customers will have access to commission-free trading of more than 6,000 US-listed stocks and American Depositary Receipts (ADRs), without foreign exchange fees and no account minimums. "For too long, UK investors have incurred high fees to invest in the U.S. markets and earned low returns on their uninvested cash," said Jordan Sinclair, president of Robinhood UK. The online brokerage missed Wall Street estimates for third-quarter revenue earlier this month after a slowdown in trading activity.

Persons: Andrew Kelly, Robinhood, Vlad Tenev, Jordan Sinclair, Sinead Cruise, Kirstin Ridley, Jane Merriman, Barbara Lewis Organizations: Inc, REUTERS, Authority, Robinhood, U.S . Federal Deposit Insurance Corporation, Thomson Locations: New York City, U.S, Britain, United States

☆ Americans are getting ‘ripped off’ by big banks, Robinhood CEO says
▼ + stars: | 2023-11-15 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Robinhood is trying hard to lure customers fed up with traditional banks that pay little to no interest on savings. To attract deposits, the stock trading app made famous by the GameStop craze is offering fatter and fatter interest rates. That’s far higher than traditional banks and among the highest in the industry. We see an opportunity to correct that,”Tenev argued this has long been part of the “playbook” of traditional banks. The Robinhood rate of 5% applies to new and existing customers of Robinhood Gold, a subscription service that costs $5 a month.

Persons: New York CNN — Robinhood, ”, Vlad Tenev, ” Tenev, Robinhood, Roth, “, Tenev, We’re Organizations: New, New York CNN, GameStop, CNN, Federal Reserve, American Bankers Association, Bank, AMC, of America, ” Bank of America Locations: New York

☆ Robinhood No Longer Looks Like a Steal
▼ + stars: | 2023-11-08 | by ( Telis Demos | ) www.wsj.com time to read: 1 min

Robinhood gained millions of users during the GameStop craze. But many have left as interest rates have gone up. CEO Vlad Tenev is now focused on growing Robinhood into more than just a trading app. Photo Illustration: Adam FalkRobinhood Markets may be building the brokerage of the future—and maybe it always will be. One big factor: The revenue momentum from higher interest rates is petering out.

Persons: Robinhood, Vlad Tenev, Adam Falk Robinhood Organizations: GameStop

☆ Robinhood drops 14% after reporting big declines in trading volume and revenue
▼ + stars: | 2023-11-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Shares of Robinhood fell Wednesday after the retail brokerage reported a drop in trading volumes in the last quarter and said it's looking to expand growth in Europe. Robinhood also reported fewer monthly active users, which fell 16% to 10.3 million in the third quarter from the same period last year. Although third-quarter revenue rose 29% to $467 million, it fell short of the $480 million analysts were predicting. Revenue was hurt by a 13% decline in third-quarter transaction revenue tied to stock trading, compared with the same period last year. The drop in trading coincides with rising treasury yields –with the 10-year Treasury yield topping 5% just last month – that have been weighing on equities.

Persons: Robinhood, Crypto, we've, Vlad Tenev Organizations: Treasury Locations: Robinhood, Europe

☆ With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023
▼ + stars: | 2023-10-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

UK has second-biggest number of top fintech firmsThe U.S. was home to 65 of the top fintech companies, according to CNBC's list of world's top 200 fintech companies. In the U.S., some of the top global fintech companies on Statista's list include names like Stripe, PayPal and Intuit . Stateside, meanwhile, the largest fintech unicorns are Stripe ($95 billion), Chime ($25 billion), Ripple ($15 billion), Plaid ($13.5 billion), Devoted Health ($12.6 billion, and Brex ($12.3 billion). Other leading ecosystems for fintech unicorns include India, on 17 unicorns, and China, on eight. Standing in 8th place is Mexico, with five fintech unicorns, Singapore, also with five, and the Netherlands, which has four in total.

Persons: Ed Jones, Starling, Tencent, Statista, Andreessen Horowitz, Wise, Vlad Tenev, Group's, —, Nick Parmenter Organizations: AFP, Getty, CNBC, Statista, Ant Group, Plaid, Visa, Mastercard, European Union, Apple, Google, Sequoia Capital, PayPal, Intuit, Financial, Authority, Consumers Locations: U.S, Beijing, China, Silicon, Europe, Ukraine, Covid, India, France, Brazil, Germany, Mexico, Singapore, Netherlands, Statista

☆ Watch CNBC's full extended interview with Robinhood CEO Vlad Tenev on AI, credit cards and more
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full extended interview with Robinhood CEO Vlad Tenev on AI, credit cards and moreCNBC's Kate Rooney sits down with Robinhood CEO Vlad Tenev to discuss the fintech company's outlook for the next 10 years, how it plans to adapt to a changing stock market, and the release of the movie "Dumb Money", a fictional retelling of the GameStop retail trading saga.

Persons: Vlad Tenev, Kate Rooney Organizations: GameStop

☆ Robinhood CEO Vlad Tenev on credit cards: This is an industry waiting to be disrupted
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood CEO Vlad Tenev on credit cards: This is an industry waiting to be disruptedVlad Tenev, Robinhood co-founder and CEO, joins 'Power Lunch' to discuss the slowdown of retail investors, the outlook for Robinhood, and more.

Persons: Vlad Tenev, Robinhood

☆ Robinhood is cutting jobs, reorganizing teams, and focusing on credit cards to solve a shrinking user base, insiders say
▼ + stars: | 2023-09-21 | by ( Ashley Stewart | Rebecca Ungarino | ) www.businessinsider.com time to read: +3 min

Robinhood is laying off more employees and reorganizing teams as part of a new focus on credit cards as the company tries to mitigate a shrinking user base, insiders say. In June, Robinhood announced plans to acquire no-fee credit card startup X1 for $95 million. Credit cards are much higher-margin products than stock-trading and generally less exposed to volatile markets. X1 and Robinhood's future in credit cards were the focus of the company's last all-employee meeting, the person said. The layoff was widely reported, but audio of an all-hands meeting reviewed by Insider recently showed ongoing cuts have been deeper .

Persons: Robinhood, we've, Vlad Tenev, Tenev Organizations: Robinhood, JPMorgan, Menlo, Say Technologies, TechCrunch Locations: , California

☆ U.S. vs. China: The Race to Build Hypersonic Missiles
▼ + stars: | 2023-09-15 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Can Robinhood Reinvent Investing Again? CEO Vlad Tenev Is Betting on It. Robinhood gained millions of users during the GameStop craze. CEO Vlad Tenev is now focused on growing Robinhood into more than just a trading app. WSJ sat down with him to hear his plans.

Persons: Vlad Tenev, Robinhood, Adam Falk Organizations: GameStop

☆ Can Robinhood Reinvent Investing Again? CEO Vlad Tenev Is Betting on It.
▼ + stars: | 2023-09-15 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

These Tiny Scottish Islands Are Betting Big on Wind as Oil Dries Up For 50 years, the Shetland Islands in the North Sea have relied on nearby oil resources to keep their economy humming. Now, as oil fields dry up, this tiny U.K. archipelago is shifting to offshore and onshore wind farms to power its economy. Photo: William Edwards/AFP

Persons: William Edwards Locations: Shetland

☆ Get nearly 5% on your idle cash at this brokerage firm
▼ + stars: | 2023-08-04 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

If you're hoping to earn a return on cash that's merely sitting in your investment account, a handful of brokerage firms have sweetened the yields on your idle dollars. Whether you're buying short-term Treasurys or locking money into a certificate of deposit, you stand to make money on your cash. Robinhood Gold, a subscription service for retail investors, is now paying an annual percentage yield of 4.9% on money in cash sweep accounts. Cash sweep balances in Robinhood Gold have grown to $11 billion, more than doubling since the beginning of the year. Other firms hike their yields on cash as they aim to attract more deposits, which seems to be the case at Robinhood. "

Persons: we've, Vlad Tenev, IBKR, HOOD, Craig Siegenthaler, — CNBC's Michael Bloom Organizations: Federal Reserve, Fidelity, Vanguard, Bank of America, LPL, Interactive Brokers

☆ Robinhood swaps meme-green tights for duller look
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

Robinhood logo is seen on a smartphone in front of a displayed stock graph in this illustration taken, July 2, 2021. REUTERS/Dado Ruvic/NEW YORK, Aug 3 (Reuters Breakingviews) - Robinhood Markets (HOOD.O) is looking more grown-up - and more boring. The problem: Users are still fleeing, and nearly half of revenue comes from interest that is destined to fade. Robinhood warned last quarter that a 100 basis-point drop in interest rates would lead to a hit equivalent to an 11% fall in revenue. When the Federal Reserve eventually turns to cutting rates, Robinhood will need more users to fill that hole.

Persons: Dado Ruvic, Vlad Tenev, ” That’s, Robinhood, Ben Winck, Jonathan Guilford, Sharon Lam Organizations: REUTERS, Reuters, Stock, Federal Reserve, Twitter, Adidas, InBev, Thomson

☆ Stocks making the biggest moves after hours: PayPal, Robinhood, Qualcomm, Clorox, DoorDash and more
▼ + stars: | 2023-08-02 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The company is calling for revenue ranging between $610 million and $645 million, while analysts called for $632 million, per Refinitiv. Qualcomm posted $8.44 billion in adjusted revenue, while analysts polled by Refinitiv forecast $8.5 billion. Zillow forecasts revenue of $458 million to $486 million, while analysts polled by FactSet are calling for revenue of $488.1 million. The company reported revenue of $494 million in the second quarter, while analysts polled by Refinitiv anticipated $473 million. The company posted $533 million in revenue, while analysts polled by Refinitiv sought $518 million.

Persons: Vlad Tenev, Baiju Bhatt, Etsy, DoorDash, FactSet, Qorvo, Refinitiv, Tripadvisor, Darla Mercado Organizations: Refinitiv, Qualcomm —, Qualcomm, MGM Resorts, MGM, PayPal, Refinitiv . Revenue, Unity Locations: New York City

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