Robinhood’s safety pitch collides with customer meme appetite

As brokerage app Robinhood repositions itself to be about "safety first" and moves away from meme stocks, analyst question if it is missing the point of what customers expect from the company. — REUTERS

Robinhood Markets Inc. Chief Executive Officer Vlad Tenev was clear in his message: the brokerage is about "safety first.”

As Robinhood executives sought to persuade Wall Street that the startup is finding its way to long-term stability, they swatted away concerns that meme trading and joke cryptocurrencies will determine its success.