Robinhood CEO Vlad Tenev is celebrating a turnaround for the company, which was named Yahoo Finance’s “comeback stock” of the year after recovering from a turbulent post-IPO period marked by a 90% drop in share price. Tenev reflected on Robinhood’s evolution from a scrappy startup embraced by supporters to a controversial incumbent during the pandemic, emphasizing its renewed positive momentum. He expressed enthusiasm for potential deregulation and pro-cryptocurrency policies in a possible second Trump administration, signaling plans to capitalize on the changing fintech landscape. Tenev highlighted Robinhood’s ambitions in prediction markets, where the company aims to compete with startups like Kalshi and Polymarket, allowing users to bet on future events. Despite managing $200 billion in assets and serving one in 10 Americans with brokerage accounts, Tenev acknowledged Robinhood’s significant growth potential compared to industry giants like Schwab and Fidelity. Continue here.
