Robinhood’s Safety Pitch Collides With Customer Meme Appetite
- Third-quarter results disappoint investors as revenue misses
- Crypto wallets promoted against backdrop of $1.32 billion loss
Vlad Tenev
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Robinhood Markets Inc. Chief Executive Officer Vlad Tenev was clear in his message: the brokerage is about “safety first.”
As Robinhood executives sought to persuade Wall Street that the startup is finding its way to long-term stability, they swatted away concerns that meme trading and joke cryptocurrencies will determine its success.