Our efforts to expand ownership go far beyond the products currently available in our app. They also involve advocating for a financial ecosystem that works for everyone. See how we’re advancing policy conversations and sharing the retail perspective in our latest policy blog. robinhood.com/us/en/policy/b…

🚨Heads up: Our CEO Vlad Tenev’s X account was compromised and posted a fake promotion for a meme coin. We’re working with X to restore access and the post has been removed.

Our CEO Vlad Tenev shared the following note with our team at Robinhood today: Robinhoodies, We’ve made the difficult decision to say goodbye to some of our team members today. Those departing are being notified, and we’re offering them full support through this transition, including severance. These are good people who helped build the foundation we stand on today, and I am deeply grateful for their contributions to Robinhood. I want to be transparent about why this is happening now. Robinhood’s business has never been stronger. But to achieve the massive scale of our mission, we cannot default to operating as a heavily-layered organization. We must be a lean, hyper-focused team where every single individual is empowered to make a massive impact. Our execution is strong today, but our ambitions require us to continuously raise our own bar. To achieve that, today we are flattening our org structure and reducing our overall team size by 10% of headcount. Because our financial position is strong, we are making this change proactively. The goal is to maximize our talent density and ensure that our culture is defined by an absolute elite performance bar and a superlative commitment to our customers. This transition creates even more opportunities for our most talented people to grow and take on greater responsibility. We will also continue hiring strategically, investing heavily in top-tier talent, and utilizing frontier technologies to push our execution even further. I know it can be painful to say goodbye to teammates. It is the hardest consequence of committing uncompromisingly to our values of being “Lean & Disciplined” and demanding “High Performance.”

Dr. Naomi Boyd of @danielsatDU has joined Robinhood as our Chief Economic Advisor. Learn more about Dr. Boyd’s expertise and her new role here: robinhood.com/us/en/newsroom…

We’re proud to partner with @USOPM, @skupor and @USTechForce to support the next generation of AI leadership and keep the US at the forefront of innovation. TechForce.gov