Robinhood CEO sees Amazon-like subscription model as path to 'loyalty' in financial services
1. Robinhood adds wealth management features to enhance subscription appeal. 2. CEO Tenev cites loyalty as key to subscription growth. 3. Subscriber count jumped from 1.5M to 3.2M, indicating strong demand. 4. New banking offerings include cash delivery, tax advice, and exclusive perks. 5. Robinhood's stock rose 19% this year, boosted by crypto market.