Baiju Bhatt Mobile Number, Phone Number, Email ID, House Residence Address, Contact Number Information, Biography, Whatsapp, and More possible original information are provided by us here.
Baiju Prafulkumar Bhatt is a businessman who was born in the United States of America around 1984 or 1985. He is of Indian heritage. His role at Robinhood, a financial services startup established in the United States, includes serving as the chief creative officer and being a co-founder with Vladimir Tenev. Poquoson, Virginia was Baiju Prafulkumar Bhatt’s home when he was growing up. His parents were immigrants from India.
It was at Stanford University that he obtained his master’s degree in mathematics in 2008, in addition to earning a bachelor’s degree in physics from the same institution. Bhatt was attending Stanford at the time when he and Tenev first met. Together with Tenev, Bhatt established the trading platform known as Robinhood in the year 2013. During the Occupy Wall Street demonstrations in 2011, I was able to see the problems that were occurring in the banking sector. This is where the concept originated. Robinhood introduced a smartphone application in the year 2015.
Both Bhatt and Tenev gained the status of billionaires as a result of a fundraising round that took place in May of 2018, which brought the worth of Robinhood to $6 billion. As of August 2021, Forbes has determined that his net worth is around $2.4 billion in the United States. During his presentation on investing at Disrupt San Francisco 2018, Bhatt said that he intends to conduct an initial public offering (IPO) for Robinhood in 2019. The Goldhouse 100 list of the most influential Asians in 2021 included Bhatt.
The “Most Creative People” list published by Fast Company in 2017 and the “30 Under 30” list published by Forbes in 2016 both included Bhatt. According to Bhatt, Adrienne Sussman is his wife. Additionally, they reside in Palo Alto, California, and have a single kid. During the 2023 film Dumb Money, which is a drama about the short squeeze at GameStop, Rushi Kota plays the role of Bhatt. The tale of Robinhood founders Vlad Tenev and Baiju Bhatt did not end when the credits rolled in the film Dumb Money. Although they played a significant part in the short squeeze that occurred at GameStop in 2021, their journey did not end there.
A group of ordinary investors on Reddit who intended to take advantage of large hedge fund managers launched a short squeeze on GameStop’s shares in 2021. The comedy Dumb Money presents a dramatized account of this event. This initiative, which was organized by a YouTuber by the name of Roaring Kitty, made it possible for a large number of people on the subreddit known as WallStreetBets to fight back against the powerful individuals on Wall Street during the COVID-19 shutdown.
Because the subreddit had more than 10 million subscribers at one point in time, the Dumb Money characters do not include all of the investors. However, it does contain a significant number of the major actors on the other side of the conflict. Vlad Tenev and Baiju Bhatt, who were the co-founders of Robin Hood, are two characters who have had a significant impact on the genre. As shown in the film, Robinhood reportedly engaged in a conspiracy with Citadel Securities to halt any transactions involving GameStop, including purchases and trades.
Consequently, this resulted in an inquiry by Congress into the corporation as well as the short squeeze that GameStop experienced. As a result of the events that transpired in Dumb Money, Robinhood CEO Vlad Tenev dropped out of the billionaire club. During August 2021, Tenev reached its highest point of around $4.3 billion, but by the year 2022, this figure had decreased to $845 million. Following the release of Dumb Money on Netflix in January 2024, his estimated net worth has decreased to $16.9 million as of that same month (according to Wallmine). As a result, Tenev suffered a loss of around $4.28 billion in assets and other forms of currency.
In more recent times, Tenev has been selling off a significant portion of his Robinhood shares. According to The Street, he liquidated 611,100 shares of the company’s stock on the market during November 2023 and January 2024. As of January 2024, he is still serving as the Chief Executive Officer of the corporation, and he has made significant efforts to disassociate the organization from the unfavorable occurrences that occurred in 2021. He even goes so far as to claim in an interview with the Wall Street Journal that the events depicted in the film Dumb Money are fictitious, even though he has never bothered to see the film.
However, he resigned from his position as the co-CEO of Robinhood half a year before the 2021 GameStop short squeeze. Dumb Money acknowledges that Baiju Bhatt was also a co-founder of Robinhood. Before the events depicted in Dumb Money took place, Bhatt was serving as the Chief Creative Officer and Director of the company, a position he continues to occupy to this day. According to Wallmine, his net worth in January 2024 is roughly $16.8 million, which is much lower than the maximum estimated net worth of $4.9 billion that Forbes recorded for him in August 2021.
Over nearly two and a half years, he suffered a loss of around $4.88 billion. Even though the conclusion of Dumb Money highlighted the dismissal of cases, it does not provide any explanation about the other issues that Robinhood encountered. Because Robinhood had provided its consumers with incorrect and misleading information as well as system disruptions, the Financial Industry Regulatory Authority (FINRA) levied a punishment of $57 million in fines and $12.6 million in restitution, in addition to interest, in June of 2021.
The inquiry conducted by Congress revealed that the company participated in questionable business practices that promoted expansion above stability. This is in addition to the $9.9 million payment that was made as part of the class action settlement after the investigation was completed. In terms of the worth of the corporation, the dividends had a dramatic effect. Dumb Money hinted that Robinhood will soon be conducting an initial public offering (IPO), which is the period when a firm makes it possible for the general public to purchase shares of the company’s stock.
Following its initial public offering on July 31, 2021, for $38 per share, Robinhood’s share price dropped to $34 after the first day of trading. The 51 firms that raised the same amount or more than Robinhood had the poorest opening-day performance, according to Observer. This was the lowest return of all of the companies. Given the level of disapproval that they received when GameStop’s stock sales on the app were frozen, it is not shocking to see how badly the launch went.
In the time since then, the corporation has made efforts to improve its reputation. The Robinhood app has expanded its user offerings by adding alternatives for trading and retirement plans that are available around the clock. Compared to how it seemed following the brief squeeze that GameStop experienced in 2021, this helps the corporation appear to be more credible. Despite this, they are still having a difficult time dealing with the consequences of their actions. According to Reuters, Robinhood reached a deal with the state of Massachusetts on January 18, 2024, for their activities during the GameStop short squeeze. The settlement stipulates that Robinhood would pay $7.5 million to resolve the litigation.
There is a good chance that it will be some time before Robinhood can completely recover from the events that were shown in Dumb Money. The goal of Baiju Bhatt is to make the world of investing more equitable by making the process of trading stocks as simple and uncomplicated as writing an email, for free. Robinhood is an investing software that caters to millennials and has approximately one million users. Bhatt, who is 31 years old, is the founder and CEO of the company. Since its inception in 2013, Robinhood has gained a total of $66 million in investment from a variety of investors, including celebrity investors such as Jared Leto, Snoop, and Nas, as well as venture capital firms such as NEA and Index.
Co-founder of the renowned investment software Robinhood Markets, along with being of Indian-American descent It is mostly due to the initial public offering (IPO) of Robinhood in July that Baiju Bhatt is one of the youngest billionaires on the Forbes 400 list. Bhatt and Vlad Tenev, who continues to serve as the CEO of Robinhood and just lost out on inclusion in The Forbes 400, co-founded the company in 2013. Beginning in November 2020, Bhatt served as a co-CEO of the commission-free trading app Robinhood Markets until he resigned from his position. A total of $32 billion was the worth of the firm when it went public in July, and he has an 8% share in the business.
Among the first companies to provide commission-free stock and exchange-traded fund trading, Robinhood is a pioneer in this field. The firm generates the majority of its income from three primary sources: the interest gained on clients’ cash balances, the sale of order information to high-frequency traders (a practice for which the Securities and Exchange Commission started an inquiry into the company in September 2020), and margin lending. There are over 31 million people who utilize Robinhood.
To address claims of deceiving consumers and keeping customers locked out of their accounts during outages, the corporation has paid a total of $135 million in penalties to several regulatory bodies, including the SEC and the Financial Industry Regulatory Authority (FINRA). Robinhood, an online brokerage that rose to prominence by providing consumers with the opportunity to trade without incurring any commissions, is making another attempt to provide a location for customers to save their funds.
Cash Management is a location where clients’ uninvested cash might earn interest at a rate of 2.05%, and the business stated on its blog on Tuesday that it will be opening up the queue for Cash Management. In December, Robinhood made public its intentions to provide a checking and savings service that would be guaranteed by the Securities Investor Protection Corporation and would provide a 3% interest rate. A short time after the statement, however, the Securities and Exchange Commission (SIPC) rebutted it by claiming that it would not cover the cash that was in the accounts and that it had not engaged in any conversation with the company before the release.
Baiju Bhatt Phone Number, Email Address, Contact No Information and More Details
Baiju Bhatt Addresses:
House Address:
Baiju Bhatt, Poquoson, Virginia
Fanmail Address / Autograph Request Address:
Baiju Bhatt,
Poquoson,
Virginia
Baiju Bhatt Contact Phone Number and Contact Details info
- Baiju Bhatt Phone Number: Private
- Baiju Bhatt Mobile Contact Number: NA
- WhatsApp Number of Baiju Bhatt: NA
- Personal Phone Number: Same as Above
- Baiju Bhatt Email ID: NA
Social Media Accounts of Content Creator ‘Baiju Bhatt ’
- TikTok Account: NA
- Facebook Account (Facebook Profile): NA
- Twitter Account: NA
- Instagram Account: NA
- YouTube Channel: NA
- Tumblr Details: NA
- Official Website: NA
- Snapchat Profile: NA
Personal Facts and Figures
- Birthday/Birth Date: 1984
- Place of Birth: Poquoson, Virginia
- Wife/GirlFriend: Adrienne Sussman
- Children: NA
- Age: 40 Years old
- Official TikTok: NA
- Occupation: Entrepreneur
- Height: 1.73 m
Business Facts
- Salary of Baiju Bhatt: $2.4 billion
- Net worth: $2.4 billion
- Education: Yes
- Total TikTok Fans/Followers: NA
- Facebook Fans: NA
- Twitter Followers: NA
- Total Instagram Followers: NA
- Total YouTube Followers: NA
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| House address (residence address) | Poquoson, Virginia |
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| Official Website | NA |
| Personal No. | NA |
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Some Important Facts About Baiju Bhatt:-
- Baiju Bhatt was born in 1984.
- His Age is 40 years old.
- His birth sign is Pisces.
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