Decoder with Nilay Patel

How Robinhood is building the future of investing, with chief product officer Aparna Chennapragada

Mar 22, 2022

Aparna Chennapragada, chief product officer at Robinhood and former Google leader, discusses the launch of Robinhood's new cash card, allowing users to invest spare change directly from spending. She elaborates on Robinhood's journey to democratize finance, addressing challenges in user engagement and its revenue model based on payment for order flow. The conversation also explores user feedback in product development and touches on navigating cryptocurrency regulations, emphasizing responsible investing and innovative features to enhance user experience.

01:08:28

Episode guests

Aparna Chennapragada

Highlights

AI Chapters

Episode notes

You Never Get It Right The First Time

00:50

How Did You Jump From Google to Start Up World?

01:13

Robinhood - Multiple Companies in a Single App

01:18

Do You Think Facebook is Listening to You?

01:07

Intro

4min

Democratizing Finance: The Robinhood Journey

21min

Understanding Robinhood's Revenue Model

6min

Navigating User Needs in Product Development

3min

Revolutionizing Spending: The Robinhood Cash Card

8min

Navigating Cryptocurrency: Compliance and Innovation

15min

Navigating App Store Policies and Promotional Offers

3min

Navigating Volatility: Smart Investing with Robinhood

5min

Scaling Content Moderation and Personal Trading Insights

3min

Aparna Chennapragada is the chief product officer at Robinhood, the popular stock and crypto trading app. And we have some news to discuss: Robinhood is launching a new cash card today that allows people to spend money directly out of their Robinhood account and set up various plans to automatically invest by rounding up purchase amounts to the nearest dollar and putting the difference in various investments.

Links:

How r/wallstreetbets gamed the stock of GameStop

The chicken and the pig

Google is reportedly removing Google Now Launcher from the Play Store

Robinhood Snacks

Robinhood buys Say Technologies for $140M to improve shareholder-company relations

Transcript:

https://www.theverge.com/e/22753372

Credits:

Decoder is a production of The Verge, and part of the Vox Media Podcast Network.

Today’s episode was produced by Creighton DeSimone and Jackie McDermott and it was edited by Callie Wright.

The Decoder music is by Breakmaster Cylinder. Our Sr Audio Director is Andrew Marino and our Executive Producer is Eleanor Donovan.