RETAIL Investors Are Now Wall Street’s ELITE
Earn Your Leisure
iHeartPodcasts
4.9 • 7.9K Ratings
🗓️ 8 April 2026
⏱️ 7 minutes
🧾️ Download transcript
Summary
Robinhood CEO Vlad Tenev explains how the "unsophisticated" retail trader became the market’s most powerful force. The playing field is finally level.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.5 | Guaranteed Human. |
| 0:04.4 | When we first met, it was just before the idea of the meme stock, which obviously |
| 0:11.2 | your platform got a lot of flap for. |
| 0:14.8 | And it was, oh, the retail traders don't know what they're doing. |
| 0:18.0 | And then we saw you speak and we met again |
| 0:20.9 | and was the idea of like the retail trader is the sophisticated trader. |
| 0:24.9 | Yeah. |
| 0:25.2 | Talk about the role and how that's transpired over the past two or three years to |
| 0:29.9 | now that everybody's in on it. |
| 0:31.4 | Like, hey, the retail is where we can get a lot of our customer base from |
| 0:36.4 | because they have the tools. |
| 0:37.5 | I think companies are waking up to this. |
| 0:42.9 | We were relatively early to embrace the retail trader because the retail trader is our customer. |
| 0:48.4 | So, of course, we have a natural incentive as a company to have our customers be shareholders, right? |
| 0:57.8 | Because not only are they are shareholders, but they're people that use the product every |
| 1:02.8 | day. |
| 1:03.3 | You know, our product is a stock market investing product at its core. |
| 1:08.3 | And one of the things I'm very proud of is the work that we've done on |
| 1:11.7 | IPO access. I mentioned you guys a little earlier. It's my second trip to New York this week. |
| 1:17.6 | First time I was at the New York Stock Exchange on Tuesday at a roundtable called Make IPOs Great Again. |
| 1:26.5 | It's a funny name. They had the red hats too. Which, by the way, |
... |
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