Robinhood Wants to Serve More Than Just Retail Customers, CEO Tenev Says

Business Performance & Growth - Robinhood's year-to-date gains are approaching 200% [1] - Net promoter scores are at a four-year high, leading to strong net deposits in July and market share gains across all assets [3] - Revenue and EPS have been very strong [3] - Customer satisfaction is high, driving business growth [3] Product Development & Innovation - Robinhood is announcing products that are ahead of the industry [4] - Robinhood Banking is rolling out later this quarter, internally tested with thousands of employees [7][8] - Home loans partnership with Sage offers mortgages at industry-leading rates [9] - Credit card is considered the best on the market [9] Expansion Strategy - Long-term potential lies in expanding globally to billions of people [6] - Aiming to evolve from a retail-only platform to a full platform serving businesses and institutions [6] - Acquisitions are considered if they accelerate the product roadmap by 18 months and align with the company culture [7][14] Market Perspective - Retail investors are driving market surges by investing in companies they believe in, unlike institutional investors focused on macro factors [16][18] - The company's valuation is approaching $100 billion, exceeding that of Intel [4]