Robinhood Markets Inc at Wolfe Research Wealth Symposium Transcript

Nov 08, 2022 / 05:40PM GMT
Steven Joseph Chubak - Wolfe Research, LLC - Director of Equity Research

Okay. Great. Well, welcome, everybody, to the Wolfe Wealth Symposium. I'm Steve Chubak, lead analyst covering the diversified banks and brokers. Really excited to have with me today Jason Warnick, CFO of Robinhood. Prior to Robinhood, Jason spent, it was roughly 20 years at Amazon, most recently as the VP of Finance and Chief of Staff for Amazon CFO. As many of you know, Amazon, recently this quarter, they did turn the corner on profitability 1 quarter ahead of schedule. We're really keen, Jason. I'm really excited to have you here to unpack the road map to sustain profitability as well as some of the new product launches and growth initiatives that you guys are pursuing.

But before all of that, just given there has been some volatility in the share price today, I was hoping you could speak to, in light of some of the consolidation news, some of the activity in the crypto space: one, whether you have any direct exposure on the balance sheet to any crypto assets given the volatility that we've been seeing; and two, maybe just

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