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Robinhood Co-Founder Steps Down From CEO Position

Robinhood co-founder Baiju Bhatt has stepped down as the company’s CEO.

What Happened: Fortune reported that Vlad Tenev, the company’s co-founder, is now Robinhood’s single CEO. Bhatt is stepping down from what used to be a dual CEO position but remains the co-founder and will focus more on product development.

"Today, Robinhood co-founders Baiju Bhatt and Vlad Tenev shared with our employees that Vlad will assume the role of sole CEO. Baiju will continue in his role as co-founder, supporting key business initiatives and serving on Robinhood's board of directors," a Robinhood …

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