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RE: LeoThread 2025-07-02 07:22

in LeoFinance3 months ago

Robinhood stock tops $100 to new record, roaring 30% since being snubbed from S&P 500

CEO Vlad Tenev said the goal is to merge crypto infrastructure with traditional finance by putting real products in customers’ hands.

CANNES — Robinhood stock hit the $100 mark for the first time, capping off a week of fresh all-time highs and renewed investor confidence.

Shares are now tracking their best performance since April, up more than 30% since the trading app was snubbed from the S&P 500.

The milestone follows a major strategic swing in Europe, where Robinhood unveiled its most ambitious crypto expansion to date — one aimed at re-engineering the financial infrastructure itself.

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At an event held in a Belle Époque mansion along the French Riviera, Robinhood executives laid out a vision to bring thousands of tokenized stocks, ETFs, and private equities fully on-chain.

"This presentation and these products are dual-purpose," CEO Vlad Tenev told CNBC in Cannes. "The first purpose is obviously to deliver great products to users, but I think the second purpose is to just demonstrate very concretely how great it could be if crypto technology and traditional financial services could fully merge."