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…(read more)
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Robinhood CEO’s Plan to Reinvent Investing Again | WSJ
Robinhood, the popular commission-free trading app, has been at the forefront of disrupting the traditional financial industry since its inception. Known for its user-friendly interface and democratizing stock trading, Robinhood has now set its sights on reinventing investing once again.
CEO Vlad Tenev recently announced Robinhood’s plans to launch a new feature called “Recurring Investments.” This feature aims to empower users by allowing them to automatically invest in their favorite stocks or exchange-traded funds (ETFs) on a regular basis. With Recurring Investments, users can set up automated purchases of stocks or ETFs weekly, bi-weekly, or monthly, depending on their preference.
This move aligns with Robinhood’s mission of making investing more accessible to the masses. It simplifies the process of regularly investing in stocks or ETFs, eliminating unnecessary barriers to entry and promoting financial literacy among its users. As Tenev puts it, this feature is designed to enable users to “build their portfolios over time and start their investing journey.”
Recurring Investments goes beyond traditional brokerages’ automated investing features. While many brokerages offer similar functionalities, they typically charge a fee for each transaction, making recurring investments less viable for small investors or those on a limited budget. With Robinhood, users incur no costs for individual trades, making it an ideal platform for users starting with small amounts or looking to invest on a regular basis without any additional expenses.
This latest feature from Robinhood also taps into the growing popularity of dollar-cost averaging (DCA) as an investment strategy. DCA involves investing a fixed amount of money at regular intervals regardless of market conditions, thereby reducing the impact of short-term market volatility and potentially benefiting from long-term market gains. With the introduction of Recurring Investments, Robinhood aims to make DCA simpler and more accessible to its users.
However, critics argue that recurring investments might encourage users to engage in “set it and forget it” investing without understanding the fundamentals of investing or conducting proper due diligence. Tenev acknowledges this concern but emphasizes Robinhood’s commitment to providing educational resources and tools to help users make informed investment decisions.
Robinhood has faced both praise and criticism for its disruptive approach to the financial industry. While it has introduced millions of new investors to the markets, there have been instances of users engaging in risky trading behaviors, especially during market frenzies like the GameStop saga earlier this year. As Robinhood continues to expand its services, balancing accessibility with responsible investing practices will remain a challenge.
Regardless of the criticisms, Robinhood’s plan to reinvent investing with its Recurring Investments feature highlights its commitment to empowering individual investors and advancing the concept of accessible investing. By eliminating transaction fees and simplifying the process of regularly investing, Robinhood is once again disrupting the financial industry and pushing for increased financial inclusivity. Only time will tell how this latest venture will shape the future of investing.
Need new CEO with experience
That app needs updating, far too basic.
You shut down trading bro during GameStop situation. Why would I trust u. #dumbmoney
Never ever Robin Hood.If you want this guy has control about your money. Good luck.
Robinhood, the company that steals money from the smaller folks.
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.
a CEO that doesn't wear a suit. I'm for it. haha
daytrading is key to financial independence.
All these broker or trade services don't focus on call consumer relationships. They don't have branches, and contact them in time of need is nearly zero.
Unlike Schwab, when I have questions or questions, I call, and within minutes, a natural person answers me. When I want to move my asset from one platform or broker to Schwab, they get it done in a few days, and they keep me posted. That is a genuine couldnsumers relationship.
Neber yrust Robinhood again. Look into blocked trades during GameStop.
Totally bs screw them
People dont like Robinhood? Ive been using it since 2017 without any issues.
yep, they kinda rip u off if u do market orders.
Black people are still deliberately refused liquidity thou printed from thinair anyways….so what democracy in finance however long due…so ample liquidity now
Black people are still deliberately refused liquidity thou printed from thinair anyways….so what democracy in finance however long due…so ample liquidity now
Robinhood still not available here in the Philippines.
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.
How ironic that, when it really mattered, a company named Robinhood basically did the opposite of what that fictional character stood for.
Greedy greedy
Retail investors lost money because of Robinhood and Citadel . Robinhood plays against his customers that's why they left ..
Imposter
Who chose the intern to interview Vlad?
Good for him to change but I'm not going back after they block my lucrative trades.
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.
!
@2:00 So thats how you feel? No remorse.
DONT BLOCK TRADES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The next sbf
Its stupid decision to invest in any company which don't real value.
RH trashhhhh
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?
WHY IS Vlad Tenev not FINRA registered.