Robinhood CEO Tenev Remains Upbeat: ‘The Business Has Been Doing Tremendously Well’
Robinhood Markets Inc (NASDAQ:HOOD) CEO Vlad Tenev is optimistic about the company’s future and the broader cryptocurrency landscape, highlighting the firm’s strong performance and the changing regulatory environment under the Trump administration.
What Happened: In a Bloomberg TV interview on Tuesday, Tenev emphasized Robinhood’s recent success, noting the company’s first billion-dollar revenue quarter and record net income profits.
“The business has been doing tremendously well,” he said, citing record net deposits of $50 billion into the platform in 2024.
Despite recent market volatility, Tenev maintained a long-term perspective, advising against focusing on day-to-day market fluctuations.
Regarding the current market downturn, Tenev observed that Robinhood’s customers tend to view such moments as buying opportunities, particularly for high-quality companies and assets.
“Our …
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