Vlad Tenev
π€ SpeakerAppearances Over Time
Podcast Appearances
want someone to see the information, it's fairly selective paths.
Like maybe you have a joint account with your spouse or a custodial account for your child, or you want your accountant or your financial advisor to see your data.
We are experimenting with this.
So we rolled out a product, Robinhood Social.
The question there in my mind is, can we actually go from being useful to people when they're making the transaction to helping you generate the idea?
Can you get all of your information, not just from prediction markets, but also from other people on the platform that are uncovering things?
And so that's the idea there.
unique thing that we have as a big differentiator is because all the transactions happen on our platform, we can validate them.
So when someone posts a trade or some idea, we can actually connect that with what they're doing on the platform.
a fake screenshot.
You can have confidence that the person's actually putting their money where their mouth is.
And so far it's been going really well, actually.
It's kind of exceeded our expectations.
So we've been iterating on it, trying to improve it on once or twice a week basis.
Of course, by default, it's private, but I think there are some people that are willing to share some aspects of what they're doing in controlled ways.
And I think it's like a very powerful thing to enable that because you see them doing it already, like posting your account on social media, getting feedback, getting feedback on trading ideas.
So there are definitely opportunities for collaboration.
Has Robinhood ever been hacked?