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Robinhood has been known to tap executives from both Wall Street and Silicon Valley in its eight-year history. On Monday, Robinhood announced it would buy recruiting firm Binc to double the size of its recruiting team. The company has beefed up hiring in recent months to keep up with demand and customer service complaints. Demand for Robinhood shares in private markets surged in February, and Robinhood gained 3 million users in January alone, according to estimates from JMP Securities. CEO Vlad Tenev testified in front of Congress in February and addressed the trading frenzy around GameStop, as well as Robinhood's decision to shut down the buy side of certain trades.ĭespite the GameStop controversy, Robinhood's user growth, brand recognition and valuation appear to have gotten a boost.
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Robinhood has come under criticism for making markets too accessible in some cases, and "gamifying" stock markets.
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"Robinhood has built a uniquely accessible product that has opened up the financial markets to millions of people," Chennapragada said in a statement Wednesday. Chennapragada, who is also on the board of Capital One, said she spent her career at Google "building products that help billions of people in their everyday lives" and at Robinhood, plans to "help more people build their financial future and personal wealth."