Robinhood CEO Vlad Tenev joins ‘Squawk on the Street’ to discuss the the acquisition of cryptocurrency firm WonderFi, the state of prediction market, Trump Accounts, and more.
Robinhood is likely to shoot higher if the trading platform can fashion itself into the first true hyperscaler among online brokerages, according to Mizuho.
Robinhood stock may look expensive, but it has room to run due to the trading platform's new product rollouts and other bids to court young clients, per BTIG.
Robinhood said on Tuesday it would cut 10% of its full-time workforce, or about 290 roles, as the trading platform seeks to flatten management layers.