Telis Demos
speaker
656 appearances
10 recordings
1 series
first heard Jun 2018
last heard Dec 2024
Telis Demos’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Robinhood Aims to Expand But Still Make Investing Fun · 16 Dec 2024
podcast
what we all call now the meme stock mania, right?
Remember GameStop and all the wild trading?
You might have seen the documentary on Netflix.
That was a big moment and really put Robinhood on the map, them being a character in that drama.
And I think that what's happening now in markets is interesting because we're not going through the same exact meme stock mania, but I think that we are in a moment where retail investors are really –
out there in force and they are trading around the election.
They are participating through prediction markets.
Robinhood now, right before the election, launched event contracts.
People are trading crypto.
We've seen Bitcoin hit $100,000 and a lot of that is being driven by small investors or at least small investors are very
closely following that and watching that.
And so we just thought this was a great time to bring Robinhood on.
Robinhood also is a public company, and they just had their first investor day in which they sort of present their vision for their business to investors.
And so there was a ton of just stuff to talk about coming out of that as well.
What first got our attention at The Wall Street Journal about Robinhood was its accessibility and the audience that it was bringing in.
It was just really associated with people who were trying out markets for the first time.
They were very mobile-focused, and so...
That was a little different from traditional brokers.
And they also made investing kind of fun and exciting.
And that cut both ways for them.
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