Robinhood is launching a brand new function that can enable retail buyers to pose inquiries to executives from Tesla, Coinbase, and different large firms.
In a Thursday blog post, Robinhood stated it is rolling out a shareholder Q&A function powered by Say Applied sciences to let customers ask inquiries to leaders of firms they spend money on.
Say Applied sciences, which Robinhood acquired for $140 million in August, has partnered with about 20 firms, together with Tesla, crypto-exchange Coinbase, and software program firm Palantir, to permit retail merchants to take part in shareholder occasions, like question-and-answer classes on earnings calls which have been traditionally reserved for institutional buyers and analysts.
Robinhood first allowed retail merchants the rare chance of asking the corporate questions in an August earnings name after it acquired Say. On the time, shareholders used the Say platform to pose questions and upvote their favourite ones. (One of many high voted questions was: Can we get a Robinhood hat and hoodie jacket?) Now, Robinhood has built-in Say’s Q&A product into its personal app for merchants to make use of.
Robinhood customers who’re additionally invested within the firm would be the first to get to make use of the brand new functionality on the corporate’s earnings name January 27. The app will steadily roll the function out to different Say-partnered firms like Tesla and their retail shareholders over the next weeks.
“Shareholder Q&A offers on a regular basis buyers the chance to make their voices heard alongside a group of their fellow shareholders, and affords firm leaders a method to join immediately with the on a regular basis people who spend money on their firms,” Robinhood wrote in its weblog put up. The corporate went public in July final 12 months. Shares have fallen greater than 58% because the debut.