Tenev Pushes for Broader Stock Ownership
Tenev, in a post on X, said that only 62% of Americans had exposure to U.S. stocks, adding that he wanted that number to reach 100%.
The Robinhood CEO has increasingly positioned broader retail participation in financial markets as a long-term objective and said that the expanded equity ownership could help more people benefit from economic growth.
Gallup’s latest survey found 58% of Americans owned stocks either directly or through retirement accounts, mutual funds or other investment vehicles in 2026, down from 62% a year earlier.
Builds on Robinhood’s Long-Term Vision
In June, Tenev described Robinhood’s “North Star” as maximizing direct equity ownership among retail investors and making stock ownership accessible to more people globally.
He said broader equity ownership could create a “more stable and prosperous society” by giving more people a direct stake in economic growth rather than relying solely on wages or savings.
Tenev added that the growing divide between public and private markets is one of the biggest barriers to broader ownership.
Robinhood Broadens Access to Investing
Earlier this month, Robinhood expanded beyond commission-free stock trading with tokenized U.S. stocks for investors in more than 120 countries, AI-powered trading agents, and new perpetual futures offerings in Europe.
The company has also broadened its wealth-building offerings through retirement accounts, prediction markets and Trump Accounts, which invest government-funded contributions for eligible children in U.S. stock index funds.
Price Action: Shares of HOOD closed 3.96% lower on Tuesday at $112.90, and extended those losses to fall 1.36% in after-hours trading.
Benzinga edge rankings indicate HOOD has a Momentum score in the 83rd percentile and a Growth score in the 92nd percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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