vlad tenev
Robinhood CEO Slams FTX M&A Chatter
Vlad Tenev, Robinhood Markets (HOOD) chief executive officer, tried to shut down speculation Wednesday that crypto giant FTX is taking over his firm, saying there's $6 billion in cash for the brokerage to explore potential acquisitions. This comes as Robinhood laid off 23% of its workforce. "The Hash" hosts weigh in.
Broker Robinhood Cuts Workforce by 23%, Shares Jump
Online trading brokerage Robinhood (HOOD) is cutting headcount by 780 workers, or about 23% its employees, in order to further streamline costs amid a continuing decline in monthly active users on the platform. In a press release, Robinhood CEO Vlad Tenev said it was due to “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash." "The Hash" team discusses the fate of Robinhood and where it could be headed next.
Robinhood CEO to Testify Before Congress. Here’s Why that Matters for Bitcoin.
Vlad Tenev, CEO of Robinhood, is expected to testify before Congress next week. The chance to put both Silicon Valley and Wall Street in the hot seat is “catnip for Congress” says CoinDesk senior research analyst Galen Moore.
