Robinhood CEO’s Plan to Reinvent Investing Again | WSJ

  Переглядів 73,629

The Wall Street Journal

The Wall Street Journal

День тому

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. Along with expansion into retirement accounts and credit cards, Tenev discusses Robinhood’s 24-hour stock trading.
WSJ sat down with the Robinhood CEO at the company’s headquarters to hear how he hopes to make his business the most trusted name in finance.
0:00 Robinhood and GameStop
0:55 Democratizing finance
2:16 Robinhood’s new moves
3:48 24-hour stock trading
5:19 Cryptocurrency
6:21 Robinhood’s reputation
#Robinhood #Finance #WSJ

КОМЕНТАРІ: 187
@eddiemalvin
@eddiemalvin 7 місяців тому
How ironic that, when it really mattered, a company named Robinhood basically did the opposite of what that fictional character stood for.
@yeetboi268
@yeetboi268 7 місяців тому
what you mean?
@ShyroBlue
@ShyroBlue 7 місяців тому
@@yeetboi268 back during the gamestop craze, robinhood app doesn't allow people from buying gamestop stock and only allow them to sell
@Zero11_ss
@Zero11_ss 7 місяців тому
@@yeetboi268 He means they removed the buy button during the gamestop run up and only allowed selling, with lots of shady connections to the people who benefit from the price collapsing.
@APoIIy
@APoIIy 6 місяців тому
@@yeetboi268 they blocked trading for their customers to safe a hedgefund who made a bad bet against the market. Just imagine certain Hedgefunds have bettet so hard against a firm that they would pay massive amounts of money if the firms stock would rise. So a community of retail traders came togeter and saw that market vulnerability and bought stock of this firm, which would rise the stock firms stock price. Now those Hedgefunds all had this short positions and to mitigate the risk of losses they in turn also had to buy the stock. This results in a "short squeeze" where a stock massively gains value over a short period of time.
@Shawn-oh5yq
@Shawn-oh5yq 8 місяців тому
Remember when he turned off the buy button?
@tylerhe
@tylerhe 8 місяців тому
If I had to take a shot every time they said “democratize” I’d be dead. It’s one of those words with a good connotation but ultimately means little in this context.
@vasyapupkin1348
@vasyapupkin1348 8 місяців тому
yep. that's a trigger word now: when you hear it, that means they want to commodify you.
@HaneiKamisama
@HaneiKamisama 8 місяців тому
bro taking money from poor and giving it to the rich
@danielyuen8691
@danielyuen8691 8 місяців тому
yup "robbing the hood"
@HaneiKamisama
@HaneiKamisama 8 місяців тому
😹@@danielyuen8691
@hfredydl
@hfredydl 8 місяців тому
Whatever you do DONT put your retirement with Robinhood!!!!Retirement is for the long term and this toy brokerage is not to be trusted with anyone’s retirement fund.
@yeetboi268
@yeetboi268 7 місяців тому
why not?
@Jmpwfdpdl
@Jmpwfdpdl 7 місяців тому
@@yeetboi268just don’t
@kisekinecro
@kisekinecro 5 місяців тому
​@@yeetboi268if they can remove people's button to buy and sell their stocks, what's stopping them from removing your button to withdraw money when you needs it?
@Parabellumjohn215
@Parabellumjohn215 8 місяців тому
I refuse to go back to RH after they blocked my trades
@Jasongy827
@Jasongy827 8 місяців тому
Of course, you guys literally did a stock run. They had to do it to regulate prices. People who uses Robinhood are just there to quickly make money by making prices go up or at its peak. That’s no way to invest.
@Fourtune1
@Fourtune1 8 місяців тому
@@Jasongy827they aren’t looking to invest. They want a lottery win.
@trentc6069
@trentc6069 7 місяців тому
​@@Jasongy827Robinhood isn't the the SEC.
@MelloProto
@MelloProto 7 місяців тому
@@Jasongy827And this is why people are fighting for change, over 2 1/2 years later. A stock’s price should go where it goes until sellers outweigh buyers or vice versa. Transient actions that manipulate prices are fine if they provide a benefit. But prolonged short exempts among other things with the intent to suppress prices are not okay, especially if these tactics are combined with actions that only the rich know about, such as planted board members that intentionally destroy value.
@All2Skitzd
@All2Skitzd 7 місяців тому
I love how they shadowbanned the other 3 comments
@drmode
@drmode 8 місяців тому
The SEC should be investigating him
@mclaren720
@mclaren720 7 місяців тому
😂😂 you’re years too late
@yougetaspear7799
@yougetaspear7799 7 місяців тому
Bleep the sec
@SSGoatanks
@SSGoatanks 7 місяців тому
The SEC doesn't even investigate politicians profiting from insider trading, even when they're the ones passing all of these new laws 💰
@yami39
@yami39 8 місяців тому
this guys fault for making people lose money in favor for hedge fund
@KleWdSide
@KleWdSide 8 місяців тому
How? Rigging the game against the little guy?
@MrJordib14
@MrJordib14 8 місяців тому
When people dodge questions, questions arise. I am not going back to Robinhood.
@jtgd
@jtgd 8 місяців тому
Gotta start by regaining trust
@-NKVD-
@-NKVD- 8 місяців тому
as FTX😂
@honor9lite1337
@honor9lite1337 8 місяців тому
Trust is one way thing.
@jyang3034
@jyang3034 7 місяців тому
He did the right thing.
@SSGoatanks
@SSGoatanks 7 місяців тому
If they can't even handle criticism and turn comments back on for their YT videos, there's no way Robinhood can repair damages and regain trust from the community 📉
@jasonbowen4923
@jasonbowen4923 5 місяців тому
Should be impossible for them to get past the GameStop buying scandal. Nothing to stop them from not allowing people to buy or sell certain stocks again.
@CubanCigars
@CubanCigars 8 місяців тому
This clown should be in jail.
@ropro9817
@ropro9817 8 місяців тому
LOOOOOL... Vlad wants us to trust him with our retirement now? 🤣🤣🤣 GOOD LUCK WITH THAT
@MrLegendra
@MrLegendra 8 місяців тому
CRIMINAL
@johnd.5601
@johnd.5601 8 місяців тому
What a joke! RobinHood stole from the middle class and poor and gave to the rich!
@_Saracen_
@_Saracen_ 7 місяців тому
I can't see Robinhood going away any time soon but I doubt they'll ever fully regain peoples trust in the same way. Frankly I'm surprised they haven't rebranded.
@scipioafricanus4875
@scipioafricanus4875 8 місяців тому
No thanks
@RoseCrediitRepair
@RoseCrediitRepair 8 місяців тому
Can't deny the fact that VRI TOKEN is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
@trentc6069
@trentc6069 7 місяців тому
Wow I'm glad they're showing a glimpse of the stats of the people they lost. Got a feel for bud light treatment, but when you mess with someones money like that, there no going back. My retirement won't be in RH
@s.sangma9850
@s.sangma9850 8 місяців тому
Don’t put your money in robinhood
@Hello-ok9hq
@Hello-ok9hq 8 місяців тому
What’s the reporter’s name? I’d like to see more of her work 😅
@taiko8547
@taiko8547 8 місяців тому
SEC, this guy over here!
@Intrestedintheego10
@Intrestedintheego10 8 місяців тому
This guy screwed all small people for hedge funds
@vasyapupkin1348
@vasyapupkin1348 8 місяців тому
yet, they still have customers. 🤷
@equinoxx8221
@equinoxx8221 7 місяців тому
@@vasyapupkin1348 they'll definitely retain some users, no matter how much they screw up, they'll still have an amount of users, especially if those users don't care
@avi3238
@avi3238 8 місяців тому
I don't trust you anymore after this interview definitely not !!
@Nsmitty1
@Nsmitty1 7 місяців тому
What gamestop showed is that you guys know who's in charge and when daddy says to turn off the tap, you do what you're told.
@thekongstocks
@thekongstocks 7 місяців тому
Poppa Citadel
@2013TombRaider
@2013TombRaider 7 місяців тому
4.9 percent interest on uninvested cash with 3 percent ira match for gold customers is probably the best decision robinhood has made. Also with their cash cards, they got really good deals. This was very smart of Robinhood.
@htconexify
@htconexify 7 місяців тому
Is it worth it to have a 4.9% interest rate when the existing interest rates are already at 5% or higher? Additionally, there's a $5 monthly fee for the gold account. How long does the 3% IRA match last? Is it a one-time offer or does it apply every year? Considering that you need to keep your money in the account for 5 years, that amounts to $300 (5 years multiplied by $60 per year).
@isaacng123456789
@isaacng123456789 7 місяців тому
It literally just shows they are desperate for cash, and makes me even more nervous for their financial well being
@jyang3034
@jyang3034 7 місяців тому
@isaacng123456789 yes I remember Blockfi
@RandomFunZer
@RandomFunZer 7 місяців тому
Neber yrust Robinhood again. Look into blocked trades during GameStop. Totally bs screw them
@banker7282
@banker7282 7 місяців тому
Who chose the intern to interview Vlad?
@crapsack47
@crapsack47 8 місяців тому
Laughable. If they really want to move forward, they’re going to have to get this guy out the door and change the name of the app. There’s no digging themselves out of this hole
@jackbandit2164
@jackbandit2164 7 місяців тому
DONT BLOCK TRADES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
@lambertois11
@lambertois11 7 місяців тому
Robinhood is using the rehypothecation clause embedded in their margin accounts contracts to obtain loans by posting as collateral the assets of their client’s margin accounts. Robinhood is then using the funds from to loans to invest in the stock market. What will happened if these Robinhood investments go wrong?
@b1646717
@b1646717 8 місяців тому
Keep in mind that the movie is fiction. The BS we pulled was not.
@sirjeh
@sirjeh 7 місяців тому
Robinhood still not available here in the Philippines.
@tokyodrifttt
@tokyodrifttt 8 місяців тому
He didn’t answer the main question about how he screwed people over.
@CS-qc7np
@CS-qc7np 7 місяців тому
I didn’t know anyone that used RH to invest. I did know a lot of people who used it to trade until their money got locked up! 😂
@noellmayoral9010
@noellmayoral9010 8 місяців тому
1:53 - I am not an expert on Robinhood's history but I think that they should have at least pushed back a little on this answer.
@Hecticam
@Hecticam 8 місяців тому
nope, he accepts that he is a crook wearing a clown mask.
@chaoticrealm777
@chaoticrealm777 8 місяців тому
His mustache screams don't trust me.
@emman100
@emman100 8 місяців тому
🤣🤣🤣
@technolus5742
@technolus5742 8 місяців тому
Step 1 - turn robihood into a chinese superapp. Step 2 - profit Step 3 - find out it was all a dream and work on a proper plan
@DRich222
@DRich222 8 місяців тому
Isn’t the WSJ required to tell people when they’ve been paid to run a video?
@Jasongy827
@Jasongy827 8 місяців тому
They need more index fund, and promote long term growth. I hate to say it but most Robin Hood users have been using it for meme stock and a very few such as myself have invest into long term growth
@emman100
@emman100 8 місяців тому
Agreed
@stephensax485
@stephensax485 7 місяців тому
WHY IS Vlad Tenev not FINRA registered.
@mygins5820
@mygins5820 7 місяців тому
I wonder why they lost half their users 😂😂😂
@dannggg
@dannggg 7 місяців тому
Robinhood, the company that steals money from the smaller folks.
@drewh3224
@drewh3224 8 місяців тому
Thank God.. I didn't have a Robinhood account, and I still don't!
@exploidval
@exploidval 4 місяці тому
I'd love to see Robinhood being able to short stocks
@dannggg
@dannggg 7 місяців тому
I’ll never use robinhood. 😂
@mistermind8170
@mistermind8170 8 місяців тому
It looks like a promotional video for Robinhood and its products
@equinoxx8221
@equinoxx8221 7 місяців тому
Actually, kind of a random interview
@user-wj8pi5bj3k
@user-wj8pi5bj3k 8 місяців тому
Robinhood should've never left apex clearing and tried there own clearing. This is what started alot of problems and why they will never get there millennial customer base back...
@pt0908
@pt0908 8 місяців тому
The journalist is so robotic. And how is this dude not in jail for market manipulation?
@buttscratcher
@buttscratcher 5 місяців тому
Every brokerage turned off the buy button. Y'all were too busy on RH to experience others turning off the buy button
@cr-ei5jm
@cr-ei5jm 7 місяців тому
yep, they kinda rip u off if u do market orders.
@ilnur4634
@ilnur4634 8 місяців тому
Taking all my money out of RH after this interview
@m8tinajero
@m8tinajero 3 місяці тому
Never trusting Robinhood again.
@lnstall_Wizard
@lnstall_Wizard 6 місяців тому
This is just a commercial disguised as an interview.
@wm6746
@wm6746 8 місяців тому
soft ball interview...
@thishandleisntavailable.
@thishandleisntavailable. 7 місяців тому
daytrading is key to financial independence.
@gouravmisra2317
@gouravmisra2317 8 місяців тому
Namaste sir good evening 🎉🎉 watching from India ma'am 🎉🎉
@wenezz
@wenezz 6 місяців тому
Robinhood is crooked... they literally blocked the buy button
@shiramaro
@shiramaro 8 місяців тому
this clown forced everyone to sell during gamestop days
@elba_magellan
@elba_magellan 8 місяців тому
Sorry Gamestop was the end of my trust with these guys.
@priynkarora
@priynkarora 8 місяців тому
Most unethical person.. He should be in jail for stopping trading.. Stock Manipulation at it best.. Never using Robin hood ever again.
@ImYourBoogieManThatsWhoiAm
@ImYourBoogieManThatsWhoiAm 6 місяців тому
Keep it up Man
@alexib1984
@alexib1984 8 місяців тому
Lock him up!
@frandydejean2469
@frandydejean2469 8 місяців тому
Rob the hood. I have lost so much money when they blocked my trade.
@Mia.m793
@Mia.m793 7 місяців тому
Good for him to change but I'm not going back after they block my lucrative trades.
@jackbandit2164
@jackbandit2164 7 місяців тому
@2:00 So thats how you feel? No remorse.
@usiruk
@usiruk 8 місяців тому
This is an ad
@coinbowl
@coinbowl 7 місяців тому
Class Conflict: An In-Depth Exploration Introduction Class conflict, a fundamental concept in sociology and political theory, is a lens through which we can understand the dynamics of societies. It encompasses the struggles, tensions, and clashes that arise between different social classes within a given society. This article delves into the origins, theories, manifestations, and consequences of class conflict, shedding light on its profound impact on the course of human history. Origins of Class Conflict Class conflict has deep historical roots, dating back to ancient civilizations where hierarchies and inequalities were prevalent. It became especially prominent during the industrial revolution in the 18th and 19th centuries. As societies transitioned from agrarian economies to industrial ones, a clear divide emerged between the working class, who toiled in factories and mines, and the owning or capitalist class, who owned and controlled the means of production. This economic division laid the foundation for modern class conflict. Theories of Class Conflict 1. Marxist Theory: Karl Marx, one of the most influential figures in the study of class conflict, developed the theory of historical materialism. He argued that class conflict is an inherent feature of capitalism. In this system, the bourgeoisie (capitalists) own the means of production, while the proletariat (working class) sells their labor for wages. Marx predicted that as capitalism advanced, class conflict would intensify, eventually leading to a proletarian revolution and the establishment of a classless society. 2. Weberian Theory: Max Weber, another prominent sociologist, offered a more nuanced view of class conflict. He introduced the concept of "social stratification," which included class, status, and power as key elements. According to Weber, class conflict arises not only from economic disparities but also from differences in social status and political power. In his view, class conflict could be multifaceted and driven by various factors. Manifestations of Class Conflict Class conflict can manifest in several ways: 1. Economic Disparities: The most visible form of class conflict is economic inequality. This includes wage disparities, unequal access to resources, and disparities in wealth and income distribution. These inequalities can lead to resentment and social unrest. 2. Labor Strikes and Unions: Workers often engage in labor strikes and unionization efforts to improve their working conditions, wages, and benefits. These actions are a direct response to class conflict within the workplace. 3. Political Movements: Class conflict can also fuel political movements advocating for the rights and interests of specific classes. Examples include socialist and workers' movements, which seek to address economic inequality through political means. 4. Social Stratification: Differences in lifestyle, education, and access to opportunities can create tensions between social classes. These tensions may lead to conflicts related to social status. Consequences of Class Conflict Class conflict can have far-reaching consequences for societies: 1. Social Change: Historically, class conflict has been a driving force behind significant social and political change. Revolutions, reforms, and social movements have emerged as responses to class-based injustices. 2. Economic Development: Class conflict can stimulate debates about economic policies and lead to reforms aimed at reducing inequality. In some cases, these reforms have contributed to economic growth and stability. 3. Social Cohesion: On the flip side, class conflict can also erode social cohesion and trust within a society. Extreme disparities can lead to social fragmentation and unrest. 4. Political Realignment: Class conflict can reshape political landscapes. It can lead to shifts in political ideologies and the rise of parties or leaders advocating for the interests of specific classes. Conclusion Class conflict is a complex and multifaceted phenomenon deeply embedded in the structure of societies. It has played a pivotal role in shaping history, driving social change, and influencing political and economic systems. Understanding class conflict is crucial for addressing issues of inequality and working towards a more equitable and just society. It remains a central topic in sociology and continues to be a subject of ongoing study and debate as societies evolve and grapple with issues of class and inequality.
@incyphe
@incyphe 8 місяців тому
He screwed up big for sure, but I hope he learned his lesson and provide compelling products and services to customers. Competition is good in an ever consolidating market place.
@jasonhattrich3521
@jasonhattrich3521 7 місяців тому
The next sbf
@mmashorts5351
@mmashorts5351 8 місяців тому
Can't be trust once theef
@ajujosephkailath7596
@ajujosephkailath7596 8 місяців тому
boooo
@sebastianfigueroa9066
@sebastianfigueroa9066 7 місяців тому
I'm getting Adam Neumann vibes here
@auro1986
@auro1986 8 місяців тому
if there is crypto currency then this is sheriff of nottingham in disguise of robin hood
@lucaslouzada44
@lucaslouzada44 8 місяців тому
Everything in this business is about trustworthiness. You failed miserably at that. Your name and your brand will inevitably be associated to it for a long time to come. Now you have creditcards and pension schemes? It only tells how out of your depth you were then…
@marclaaq
@marclaaq 7 місяців тому
That app needs updating, far too basic.
@PCavalier
@PCavalier 5 місяців тому
Unpopular position, but I like Robinhood!
@AmritLCG
@AmritLCG 8 місяців тому
I've had Robinhood for about 5 years now. Straightforward easy to use application with zero to no fees and greag return in yield
@bobo0202
@bobo0202 5 місяців тому
He already reinvented investing on his platform. I wouldn't touch Robinhood with a ten foot pole, lol
@-NKVD-
@-NKVD- 8 місяців тому
Ftx? 😅
@fred8169
@fred8169 6 місяців тому
Need new CEO with experience
@johnd.5601
@johnd.5601 8 місяців тому
The stonk market will never beat being in a union retirement savings plan. NEVER!
@MakeTaxationTheftAgain
@MakeTaxationTheftAgain 8 місяців тому
What about the times where union pensions go under?
@brendansullivan4872
@brendansullivan4872 3 місяці тому
ok boomer
@johnd.5601
@johnd.5601 3 місяці тому
@brendansullivan4872 I've had both since 1997. The stock market has never ever come remotely close to my union. Never! The market has gotten worse. America is leaning towards socialism not capitalism!
@mmashorts5351
@mmashorts5351 8 місяців тому
0 trustworthy
@andreyshcherbinskiy6873
@andreyshcherbinskiy6873 8 місяців тому
Make amc 24/7
@BoRerunn
@BoRerunn 8 місяців тому
Robin Hood will backstab you if you succeed
@Drucio1
@Drucio1 7 місяців тому
a CEO that doesn't wear a suit. I'm for it. haha
@All2Skitzd
@All2Skitzd 7 місяців тому
Yeah a wolf in sheep's clothing 😂
@NoStress_Invest
@NoStress_Invest 8 місяців тому
All the people hating on Robinhood are mad that they bought AMC and GME at the top. The smart money was smart and sold out at the top. Learn to make better decision when investing, there is so much money to make.
@All2Skitzd
@All2Skitzd 7 місяців тому
They are mad they blocked trading you fool
@kumarpratap9608
@kumarpratap9608 6 місяців тому
Which are international brokers for Indian continent?
@Icemansmom
@Icemansmom 7 місяців тому
You shut down trading bro during GameStop situation. Why would I trust u. #dumbmoney
@aztecjoe29
@aztecjoe29 8 місяців тому
If that is the CEO I'm going to close my Robinhood account
@MaestroXXV
@MaestroXXV 7 місяців тому
Never ever Robin Hood.If you want this guy has control about your money. Good luck.
@ethansworld210
@ethansworld210 7 місяців тому
Greedy greedy
@charlech
@charlech 8 місяців тому
Miao~
@mmrllmonta
@mmrllmonta 8 місяців тому
No more.. no more... sorry.... you had ur day RH...
@GoodxJ
@GoodxJ 4 місяці тому
👀
@AndreaDoesYoga
@AndreaDoesYoga 8 місяців тому
Intriguing plans, Vlad 🚀, hope to see more users back soon.
@andreyshcherbinskiy6873
@andreyshcherbinskiy6873 8 місяців тому
Bbby 401k is gone . Now Robinhood when it goes bankrupt . Your retirement will go bye bye .
@michaelmoore4417
@michaelmoore4417 8 місяців тому
Tough to recover their reputation after they halted trading and caused many people to lose money
@cokezzz8249
@cokezzz8249 8 місяців тому
24 hour equity trading seem unnecessary. You can already trade currencies 24/7 and those investors/traders can’t sleep at night
@emman100
@emman100 8 місяців тому
That was what I was thinking about
@Zangetsuichigo1980
@Zangetsuichigo1980 7 місяців тому
Webull is wayyyyyyy better than robbin hood 😅
Reddit vs Wallstreet - GameStop, The Movie
26:40
ColdFusion
Переглядів 3,5 млн
Robinhood CEO Vlad Tenev on UK Launch, Market Opportunities
13:35
Bloomberg Television
Переглядів 13 тис.
Піхотинець - про рутину на фронті
00:46
Суспільне Новини
Переглядів 1,2 млн
Не пей газировку у мамы в машине
00:28
Даша Боровик
Переглядів 1,6 млн
Що рятує українців від похмілля?😁 | #НовийКанал #ЄПитання
00:53
єПитання з Лесею Нікітюк
Переглядів 439 тис.
Why It's So Hard for Meta, PayPal and X to Build a Super App Like WeChat | WSJ
5:38
The Wall Street Journal
Переглядів 665 тис.
Elon Musk's Biographer: 'He's Addicted to Drama, He's Addicted to Risk' | WSJ
10:30
The Wall Street Journal
Переглядів 537 тис.
Inside Nvidia HQ: What a $2T Company’s Office Looks Like | WSJ Open Office
7:47
The Wall Street Journal
Переглядів 1,4 млн
Inside Amazon’s Meticulous Same-Day Delivery Strategy | WSJ Shipping Wars
8:18
The Wall Street Journal
Переглядів 844 тис.
Jamie Dimon on the Economy, U.S.-China, Overseas Wars and More: Full Interview | WSJ
37:42
0DTE: Inside the Explosion of Ultra-Risky Options Trading | WSJ
5:16
The Wall Street Journal
Переглядів 624 тис.
Inside Pantone, the Company That Turns Color Into Money | WSJ The Economics Of
7:59
The Wall Street Journal
Переглядів 451 тис.
The Rise, Fall and Possible Rise Again of San Francisco’s Downtown | WSJ
8:49
The Wall Street Journal
Переглядів 1,1 млн