U.S. markets open in 3 hours 59 minutes
  • S&P Futures

    3,655.75
    -4.75 (-0.13%)
     
  • Dow Futures

    29,718.00
    -86.00 (-0.29%)
     
  • Nasdaq Futures

    12,441.25
    -11.00 (-0.09%)
     
  • Russell 2000 Futures

    1,833.10
    -2.40 (-0.13%)
     
  • Crude Oil

    44.48
    -0.07 (-0.16%)
     
  • Gold

    1,831.50
    +12.60 (+0.69%)
     
  • Silver

    24.32
    +0.23 (+0.93%)
     
  • EUR/USD

    1.2063
    -0.0016 (-0.13%)
     
  • 10-Yr Bond

    0.9340
    0.0000 (0.00%)
     
  • Vix

    20.93
    +0.36 (+1.75%)
     
  • GBP/USD

    1.3361
    -0.0062 (-0.46%)
     
  • USD/JPY

    104.6670
    +0.3510 (+0.34%)
     
  • BTC-USD

    19,090.32
    -81.42 (-0.42%)
     
  • CMC Crypto 200

    374.39
    -5.47 (-1.44%)
     
  • FTSE 100

    6,399.92
    +15.19 (+0.24%)
     
  • Nikkei 225

    26,800.98
    +13.44 (+0.05%)
     

Robinhood Co-Founder Vladimir Tenev Talks Young Investors With Jim Cramer

Sam Taube
·1 min read

On CNBC's "Mad Money" Thursday night, Jim Cramer interviewed Robinhood co-founder Vladimir Tenev about how the brokerage app is changing equity markets.

Tenev shared some insights that challenge common assumptions about Robinhood users. He noted that "while people equate being young with day trading, our data doesn't show that." Tenev also noted that users are "by and large depositing funds and buying companies long-term" like traditional buy-and-hold investors. 

The Robinhood co-founder discussed his company's recent addition of fractional share trading and scheduled deposit capabilities, saying that these features "can help turn first-time investors into long-term investors." 

Finally, when asked about Robinhood's plans for an initial public offering, Tenev said that the company was "well-capitalized" and "thinks there's a huge growth opportunity ahead of us," but declined to discuss IPO plans in any detail.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.