As zero-commission stock trading app Robinhood starts preparing to IPO, an engineering investment two years in the making could accelerate its quest for profitability. Most stock broker services have to pay an external clearing house to reconcile trades between buyers and sellers. Now with 6 million accounts, that added up to a huge cost for Robinhood […]
View More Robinhood cuts trading fees, grows profits with in-house clearingCategory: Vlad Tenev
Robinhood hires Josh Elman as VP of product, who’ll stay at Greylock
Zero-fee stock trading app Robinhood is getting some product firepower as it dives into cryptocurrency and weighs platform aspirations. Investor Josh Elman will join Robinhood as its VP of product while remaining a partner at Greylock. With 4 million registered users, $176 million raised and a $1.3 billion valuation, the five-year-old fintech startup is shifting […]
View More Robinhood hires Josh Elman as VP of product, who’ll stay at Greylock