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Vlad Tenev PHOTO: Reuters
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Robinhode’s last report saw revenue fall from $ 565 million in the second quarter to $ 365 million, mostly in the west.
The co-founders of Robinhood, Blad Tenev and Bajji Bat, are no longer millennials, according to the calculations of Forbes, quoted by Facts BG. The shares of the company are falling steadily downwards in recent months and from the price of the initial public offering in July 2021 of $ 38 this year, on the 13th of May.
From the beginning of the year alone, they lost 25 percent, at 6.54 percent decrease for Ѕ & R 500.
Calculations of the publication show that Tenev and Bat already have $ 845 million and $ 911 million, respectively. At the peak of August 2021, when the shares of Robinhode reached $ 85 per share, they had $ 4.3 billion. and $ 4.9 billion.
Robinод refuses to comment.
This week it became clear that the company will have a new competitor in the United States: the British finex Revolute will allow its customers in the largest economy.
Robinwood became public in July 2021 with an estimate of $ 32 billion. Although the shares closed by 8 percent on the first day, the procedure added about $ 2 billion. To the wealth of the two founders. According to estimates by Forbes, the billionaires will be back in September 2020, after which the company will receive private financing with an estimate of $ 11.7 billion.
Tenev and Bat are yet to receive more shares from the company, which could generate billions in the future. The next step in the company’s assessment will be scheduled for January 27, when Robinhode will report results for the fourth year in a row.
The company will hope that it has done better than in the third quarter, when the shares fell by 10 percent and the profit was given.
In the last report, Robinhood reported a decline in revenues of $ 565 million in the second quarter to $ 365 million, mostly in the west since the fall.
It is clear from the fact that the company has 22 million users, but their average balance of accounts is only $ 3,500. in tjax.
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