, reviving memories of early 2021 when they turned into a craze that ended up burning many investors along with Robinhood Markets. The online brokerage was especially popular among younger generations helped propel the meme stock boom until it became so overwhelmed that it suddenly clamped down on trading. That move outraged many customers who blamed the brokerage for losses, sparking inquiries by lawmakers and triggering lawsuits.
Tenev, 37, recently discussed Robinhood’s evolution and the challenges of running a publicly held company that has seen its stock price fall about 40% below its July 2021 IPO price of $38). He also brushed off the threat of aQ: How are you feeling about the investing environment now compared to a few years ago?
Q: What about the recent notice from the Securities and Exchange Commission informing Robinhood that it may be subject to enforcement for alleged violations in its cryptocurrency operations?
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