How many people work at Robinhood?
There are more than 1,500 employees at Robinhood. The headquarters can be found in Menlo Park, California.
On Glassdoor, the company has a rating of 4.4 out of 5 stars from more than 250 votes, indicating that employees are very satisfied with their experiences there.
When did Robinhood launch?
Robinhood was founded in April of 2013, but the company's mobile app wasn't launched until March of 2015.
The launch of this app was what the company became best known for, as it allowed for commission-free trading of cryptocurrency, ETFs, and stocks.
Even before launching the app, the company gained a loyal user base of 500,000 people to test the new market.
Following the launch, the company grew year by year until millions of users had the app.
There are 23 million total users in 2021, though some reports indicate that that number might be higher.
It's possible that several million user accounts are inactive or not funded, so they don't count as part of the official tally.
Who owns Robinhood?
Robinhood is a public company, which means that shares are traded on the NASDAQ. This means that anyone can invest as long as they're willing to pay.
Investors receive dividends from the company's profits over time. Prior to being publicly traded, shares in the company were traded by private investors instead.
The founders of the company, Baiju Bhatt and Vladimir Tenev, are both the co-CEO of the operation.
They're the ones who make decisions about the company's growth and policies.
Several teams of employees below them work on things like marketing, outreach, performance improvement, feedback, and analytics.
Because the company handles so many assets for so many people, there are tons of employees in highly specialized roles. Dozens of ongoing projects are part of the app's daily existence.
The company has been broken down into Financial, Crypto, and Securities subsidiaries. This allows people to focus on one specific type of investment.
In the past, the securities made up the bulk of the company's managed assets and revenue. But cryptocurrency has become more popular in 2021, generating significantly more revenue than in any of the years before.
How much does the average Robinhood user have?
The average Robinhood user has $240 on their account.
However, some Robinhood users have millions of dollars in assets on their accounts.
That means that about 50% of all Robinhood users have even less than $240. If you want to be successful with this app, it's possible that you need to have a lot to invest to begin with.
But that shouldn't be taken as a sign that you can't be successful with Robinhood. The app does exactly what it set out to do, which is to let younger and more inexperienced investors have a chance to create their own portfolios.
How many merchants accept Robinhood Bitcoin payments?
Robinhood doesn't currently have crypto wallets that would allow people to make payments directly from their holdings.
However, it is planning to test crypto wallets in the future. The feature is expected to roll out more broadly in 2022.
In general, there are over 15,000 companies that will take Bitcoin payments. It's just a matter of whether you can transfer your assets using the Robinhood system.
How many countries is Robinhood available in?
It's possible to access the Robinhood app from nearly every country. The exceptions are Syria, North Korea, Iran, Cuba, and Crimea in the Ukraine.
If you travel to these areas, you won't have the ability to access the account. Your account might also be restricted if you try to log in.
However, if you want to get signed up for the system, you need to be a resident of the United States or the United Kingdom.
There's also a waiting list in the UK. That means that the app isn't super accessible to people outside the US.
What is the average age of a Robinhood user?
The average Robinhood user is 31 years old, as of 2021. The app is popular among young people who are learning to invest for the first time.
And it's less popular with older people who want to use traditional investment strategies.