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Barron's Streetwise

How Robinhood Went From Broken IPO to 1,000% Gainer

Barron's Streetwise

Barron's

Business

4.81.5K Ratings

🗓️ 14 November 2025

⏱️ 32 minutes

🧾️ Download transcript

Summary

Chief brokerage officer Steve Quirk talks prediction markets and tokenization, and does a convincing dial-up modem impression. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Why are businesses like HelloVet choosing Apple products and services?

0:04.8

So we started the business two years ago.

0:07.2

We had a few people who were used to PCs and this was their first foray into Macs.

0:12.5

But it's been super smooth getting everyone onto those devices and everyone seems really, really happy.

0:18.0

Find out how Mac can help you run and grow your business at apple.com forward slash

0:23.6

HelloVet.

0:26.5

The history of prediction markets event contracts here, our first foray into them was the election

0:33.3

in November.

0:35.1

And we rolled those out and within a week before the election, we saw half a million

0:40.7

people open accounts. We saw 600 million contracts traded on the outcome of that election. And we saw

0:48.2

far more eyeballs than that, just watching it because it different from what the polls were saying. And I think that was pretty

0:56.7

eye-opening for people because what these contracts let you do is, even if you don't want

1:01.7

to express an opinion, they're a great source of information. Hello and welcome to the Barron

1:07.5

Streetwise podcast. I'm Jack Howe. And the voice you just heard is Steve Quirk. He's Robin Hood's chief brokerage officer.

1:16.0

In a moment, we'll hear from him about prediction markets and stock tokenization and the

1:21.1

new things that investors are doing on Robin Hood. And maybe we'll get some clues about why

1:25.4

that stock is suddenly the top two-year performer in the S&P 500.

1:31.5

It's gone from under 10 bucks to over 120.

1:35.5

Cue the confetti.

1:41.8

Listening in is our audio producer Alexis Moore. Hi, Alexis. Hi, Jack. Do they still do the confetti

1:48.3

on Robin Hood? I'm not a, I'm not a user. Are you a user? I know you have the app, but you're not

1:54.0

yet a Robin Hood trader. Is that, is that, do I have that right? That's correct. I have the app,

...

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