In early 2021, Robinhood faced a collateral call of $3.7 billion due to increased trading activity, which was unprecedented for the company.

The founders faced a unique challenge in marketing Robinhood due to regulatory restrictions, which required them to secure funding before they could launch their product.

During the pandemic, Robinhood experienced explosive growth in trading volume, leading to significant infrastructure challenges, including a full day of trading outages.

The initial waitlist for Robinhood saw over 50,000 signups in the first week and nearly a million users within the first year, marking a historic demand for a consumer finance product.

In 2022, we had to effectively refound Robinhood due to a significant shift in the macroeconomic environment, which required us to change our strategy to adapt to higher interest rates.

Despite challenges, Robinhood has set new revenue records in 2024, demonstrating that the decisions made during the downturn were crucial for long-term success.

When Robinhood launched in March 2015, we converted hundreds of thousands of users from a waitlist, exceeding initial expectations of a 10% conversion rate.

The founders of Robinhood recognized the financial industry's shortcomings and the opportunity to create a new kind of financial services company, driven by the rise of electronic trading and mobile technology.

Robinhood's commission-free model was crucial in removing financial barriers for new investors, particularly young people with limited funds.