After Less Than A Year On The Job, Robinhood Executive Resigns

Christine Brown announced Tuesday that she was moving down as COO of Robinhood after five years to pursue other crypto opportunities.

After less than a year on the job, Robinhood Crypto’s chief operations officer has resigned.

Christine Brown, who joined Robinhood’s crypto subsidiary in April of last year, said she was “going on to start something new” in a Twitter message on Tuesday.

Brown began her career at Robinhood Markets in 2017 as vice president of Product Operations before moving up to the newly formed position of COO.

Brown joined Robinhood when it had less than 100 employees

She had seen the firm develop to service more than 22 million users before it began offering its crypto product.

In a follow-up tweet, Brown wrote, “I’ve lived three chapters during my time here: establishing a self-clearing organization, setting up a Product Operations team, and supporting our booming crypto business.” “Through each, I’ve seen how technology can democratize finance and provide individuals with opportunity.”

Brown spent four years at global technology giant Google before joining the California-based brokerage, bringing with her almost a decade of experience in product management and operations. Brown also worked for Udacity, a for-profit educational firm based in the United States, for two years.

“I’m happy to be staying in the crypto area” the former Robinhood executive stated, adding that further information about her new endeavors would be released “soon.”

Brown’s exit comes after the stock trading platform announced a $423 million net loss in the most recent financial quarter, which ended in January. Following a weaker-than-expected earnings report, its stock price (HOOD) plummeted 15% to roughly $10.15 per share.

Robinhood’s stock has since recovered, with the stock up 20% in the last five days and is trading for roughly $15.91, according to market data.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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