Robinhood CEO: The Meme Stock Crisis, The Future of Crypto, and AI Opportunities in Finance
EP 105 of The Logan Bartlett Show: Untold stories from tech's inner circle
In the midst of meme stock craziness, I got a chance to chat with Robinhood CEO Vlad Tenev. We talked about Robinhood’s new Gold Card, his current views on crypto, the media side, and how artificial intelligence could change finance. Vlad shared his most eye-opening insights from running the company that transformed the game for retail investors. Some takeaways…
Click here to view the episode transcript | Watch on Youtube | Listen on Spotify or Apple Podcasts
✉️ Episode Memo
→ Lessons from Crisis Communication During the Meme Stock Saga
In leadership roles, people often see themselves as actors, following scripts and saying what they think is expected. Yet, Vlad found that being genuine and saying what he truly feels, rather than sticking to a script, is far more effective. Once you know what you want to say, discard the script and speak from the heart.
→ An undervalued way to launch products and run waitlists
The advantage of a product waitlist is that you can choose who gets access first. While many might expect a solid gold card to go to wealthy individuals, Robinhood set the criteria at 10 referrals. This allows people of all financial standings to qualify, ensuring that those who get the card are passionate promoters of Robinhood. Plus, it aligns greatly with the Robinhood brand of democratizing access.
→ 24 hour trading will become mainstream
Vlad believes 24-hour trading would be a huge net positive with no downsides. He argues that the market's opening-time price surges indicate a liquidity defect, which 24-hour trading would smooth out. Robinhood has already rolled out 24-hour trading for over 900 stocks, and Vlad predicts that the entire industry will soon adopt this practice as other trading systems catch up with the technology.
More predictions for the future of the financial industry in the full episode.
⭐ Trailer
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