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Robinhood co-founder Baiju Bhatt (left) and moderator Josh Constine (right) speak onstage during Day 2 of TechCrunch Disrupt SF 2018 at the Moscone Center on September 6, 2018, in San Francisco, California. Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California.
Robinhood scooped up crypto exchange Bitstamp in June and took aim at credit players American Express and Visa in March with the launch of a credit card that offers 3% cash back on purchases.
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Following a funding round in May 2018 which increased Robinhood's valuation to $6 billion, Tenev and Bhatt became billionaires. [4] [8] In November 2020, Tenev became the sole CEO of Robinhood, having previously shared the co-CEO title with Bhatt. [9] In July 2021, Robinhood went public via an initial public offering at a $32 billion valuation ...
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Robinhood's ride to fintech supremacy has been almost as volatile as the meme stocks that trade on its platform. Its IPO debut on July 28, 2021, ended with the stock down 8% to $34.82.
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