Robinhood Co-Founder Opens Up About Losing $1B in Months | The WSJ Money Interview @WSJPodcasts
Robinhood Co-Founder Opens Up About Losing $1B in Months | The WSJ Money Interview  @WSJPodcasts
Uploaded July 2026 | Updated September 2026, 2 weeks ago
Baiju Bhatt, the billionaire co-founder of Robinhood, shares his grueling journey to build the financial app Robinhood. In 2024, he stepped away from the company to start a new one from scratch. He decided to pursue a childhood dream and launch Cowboy Space Corp., which is building data centers to operate from space. Here’s Bhatt, in his own words, from our interview in San Carlos, Calif.

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Watch the full episode here: on.wsj.com/442Aelh

Chapters:
0:00 Losses at Robinhood
0:31 Bhatt’s background
1:01 Bhatt’s failed companies before Robinhood
1:58 Origins of Robinhood and raising money
3:50 Handling “no,” repositioning and testing
7:04 Missteps during Robinhood’s rapid growth
8:02 How Covid changed everything
9:32 What you bought after Robinhood IPO
11:16 Leaving Robinhood to pursue space venture

The WSJ Money Interview
What can some of the world’s most interesting tycoons teach us about money and success? WSJ’s Gunjan Banerji sits down with highfliers for a candid conversation about how they made it. Have an idea for a future episode? Or a topic you’d love our next guest to weigh in on? Write to the host at gunjan.banerji@wsj.com

#Robinhood #Business #WSJ
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Robinhood Co-Founder Opens Up About Losing $1B in Months | The WSJ Money Interview

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