Reported 2 days ago
In 2024, Robinhood experienced significant growth, with its stock price surging over 220% as it broadened its services and customer base. Although it hasn't returned to its meme-trading highs, the company's CEO Vlad Tenev noted that Robinhood is now stronger after a challenging 2022. Tenev anticipates continued positive momentum driven by increasing wealth, advancements in internet transactions, and a surge in interest in AI and cryptocurrencies. He also expressed optimism about potential regulatory changes under a new SEC head, which could benefit the industry.
Source: YAHOO