Robinhood Acquires MarketSnacks to Bring You Financial News

Introducing Robinhood Snacks – free, daily, digestible financial news

We’re thrilled to announce our acquisition of the media company MarketSnacks, a top-rated daily financial news podcast and newsletter. Today, we’re re-launching these products as Robinhood Snacks. As part of the acquisition, MarketSnacks Co-Founders Jack Kramer and Nick Martell are joining us as Managing Editors of News.

Over the past year, we added more resources to Robinhood to help you better manage your investments. We improved market news coverage on our platform, added discovery tools on mobile, and revamped our Help Center to better answer your questions. Robinhood Snacks is a major step towards building out these resources and helping you get more informed on market news.

Subscribe to Robinhood Snacks

Robinhood Snacks brings you digestible and easy to understand financial news you’ll enjoy. We’ll break down some of the trends and top stories shaping markets to help keep you informed about the news that affects your finances, decisions, and lives. Our newsletter gets you informed quickly in just three minutes, and our podcast breaks down the day’s news in 15 minutes. Starting today, anyone can subscribe to the daily and weekly Robinhood Snacks newsletters, and find the daily podcast, “Snacks Daily,” on Robinhood.

“In 2012, we co-founded MarketSnacks outside our bank jobs to make financial news more accessible and enjoyable for our generation. That aligns perfectly with Robinhood’s mission, and together we can inform millions of people every day. We’re honored to join forces with Robinhood and thankful for our incredible Snackers who helped get us here.” – Jack Kramer and Nick Martell, Managing Editors of News at Robinhood

Learn more about their story.

We’re excited to partner with Jack and Nick to bring financial news to our platform with the launch of Robinhood Snacks, and to work towards our mission to democratize the financial system. Welcome to the team!

– Josh Elman, VP of Product

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Robinhood Crypto is Coming to New York

Commission-free cryptocurrency trading will be rolled out in New York over the coming months

Today, Robinhood Crypto received a virtual currency license, also known as the BitLicense, and a money transmitter license in New York. This will allow New Yorkers to invest in cryptocurrencies on the Robinhood platform, and marks another important step towards our mission of democratizing the financial system.

With Robinhood Crypto, you can invest in seven cryptocurrencies including Bitcoin and Ethereum, commission-free. Robinhood Crypto is already available in over thirty states and will roll out in New York over the coming months.

As we introduce new financial products, we’re committed to partnering with regulators to ensure compliance with industry requirements. Today’s announcement is evidence of this commitment.

We’re excited to bring commission-free cryptocurrency trading to New York, and look forward to coming to more states soon.

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A Letter From Our Founders

We’re excited and humbled by the response to yesterday’s announcement of Robinhood’s cash management program launching in 2019. However, we realize the announcement may have caused some confusion.

As a licensed broker-dealer, we’re highly regulated and take clear communication very seriously. We plan to work closely with regulators as we prepare to launch our cash management program, and we’re revamping our marketing materials, including the name.

Our promise is unwavering—we always put our customers first—whether it’s deciding which features to build, keeping your cash and securities protected, or offering products that allow everyone to participate in and benefit from the financial system.

Stay tuned for updates.

– Baiju Bhatt and Vlad Tenev, Co-Founders and Co-CEOs

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Gretchen Howard Joins Robinhood as Vice President of Operations

We’re excited to announce that Gretchen Howard is joining us as Vice President of Operations. Gretchen will oversee various operational functions that are critical to growing our business, including customer support. Her expertise in scaling operations will help us accelerate our product and business growth even faster.

“We've been fortunate to get to know Gretchen and work with her over the past several months through CapitalG. She’s a seasoned leader with deep and broad operational experience, and we look forward to working closely together to scale our business and better serve our customers.” –  Vlad Tenev, Co-Founder & Co-CEO at Robinhood

Gretchen spent the last 12 years at Alphabet and Google. Most recently, she was a Partner at Alphabet’s growth equity firm, CapitalG, working closely with portfolio companies including Robinhood. In her role, Gretchen focused on operational growth challenges such as scaling teams and support, leadership staffing, and security audits. Before CapitalG, Gretchen was a Managing Director in Google’s Global Business Organization.

“I've been inspired by the velocity with which Robinhood builds and launches high-quality products and share their passion for democratizing financial services. I am thrilled to join the Robinhood team and look forward to working with Vlad and Baiju to further their mission and bring this best-in-class product to more customers around the globe. While it’s bittersweet to leave Alphabet after 12 years, I'm excited to remain in the Alphabet family and work closely with the CapitalG team from the portfolio side.” – Gretchen Howard, VP of Operations at Robinhood

Welcome to the team, Gretchen!

Jason Warnick Joins Robinhood as Chief Financial Officer

CFO Hire_Blog Header.png

We’re thrilled to welcome Jason Warnick as our Chief Financial Officer and member of the leadership team. In his role, Jason will oversee finance, accounting, treasury, and related functions, and his experience building a customer-centric company will be critical as we scale and expand to new financial verticals. He’s joining us next week, reporting to Co-Founder and Co-CEO Vlad Tenev.

“We’re incredibly lucky to have Jason join our leadership team. From the first time we met Jason, we were amazed and humbled by his problem-solving abilities and by the depth of his strategic thinking. We look forward to working with Jason to build out our operational and financial infrastructure and continuing to deliver the best possible financial products to our customers at the best possible prices.” – Vlad Tenev, Co-Founder & Co-CEO at Robinhood

Jason is joining us from Amazon where he spent nearly 20 years, most recently as VP of Finance and Chief of Staff to their CFO. At Amazon, he oversaw the Benchmarking, Internal Audit, Investor Relations, Risk Management, and Compliance teams.

“I’m thrilled to join the amazing team at Robinhood and look forward to advancing our mission to democratize America’s financial system. This is an exciting time for us, and I look forward to accomplishing great things together.” – Jason Warnick, CFO at Robinhood

Welcome to the team, Jason!

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Bringing You Better News

Relevant, comprehensive, and timely market news

Market news can provide critical insights into companies you’ve invested in, keep you up to date on the markets, and help you make better informed investment decisions. Today, we’re excited to share how we’re making news more relevant, comprehensive, and timely.

Relevant

Using machine learning, we more accurately identify which companies and stock symbols are discussed in an article. This allows us to aggregate news that’s better customized to your watchlist and most relevant to your portfolio.

Comprehensive

We provide coverage from known and trusted news sources like Business Insider, CNBC, MarketWatch, and Yahoo Finance, and exclude articles that are likely to be machine generated. We now have coverage for over 92% of stocks and cryptocurrencies held on Robinhood, so you never miss out on articles covering the companies you’re watching.

Timely

News articles will appear on Robinhood quickly after they’re published, so you’ll get the latest coverage on the stocks and cryptocurrencies you’re watching.

You can find news right below your portfolio, when you tap on a specific stock or cryptocurrency, and in your “Recent News” feed when you tap on the search icon.

To learn more about the technology that powers news, check out our data team’s blog post.

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