Robinhood parts ways with its first CPO Aparna Chennapragada

abdelaziz Fathi

In what apparently part of the restructuring it announced last month, Robinhood is parting ways with its Chief Product Officer Aparna Chennapragada. However, she’ll remain employed in an advisory role to the CEO through January 2023.

Aparna Chennapragada

The former Google executive had originally joined the no-fee brokerage firm back in March 2021. At the time, the millennium-geared app was not filling a vacant spot, as the tech veteran was the first CPO to be appointed to Robinhood.

“During the last 20 years, I’ve been lucky to serve and lead in companies with bold missions. Google, providing universal access to information and computing. Akamai, the world’s first internet content delivery network. Capital One, changing banking for good. I was drawn to Robinhood for its potential to democratize finance for all. And for the personal challenge to expand the co beyond trading into a broad set of products to make money work better for all. We made inroads toward this vision with products in spending and retirement,” Aparna said.


Before Robinhood, Chennapragada had been a leader at Google for nearly 13 years and served most recently as Vice President where she oversaw product management for new product areas in augmented reality. Prior to that, she was a senior director and Technical Assistant to Google CEO, tasked with various company-wide product efforts and strategic reviews.

Chennapragada kicked off her career with the internet giant back in 2008, having joined a team to develop algorithmic features for YouTube and Google News.

Besides her leading roles at Google, she served as a member of the Board of Directors of Capital One, which offers a broad spectrum of financial products and services.

Overall, Chennapragada has more than 23 years of experience across various industries, combined with a deep understanding of technology, information, artificial intelligence and customer experience.

Robinhood CEO Vlad Tenev revealed plans to let go nearly a quarter of its staff with employees from all departments will be impacted. The changes are particularly concentrated in the company’s operations, marketing, and program management functions

The layoffs came as Robinhood released its Q2 2022 earnings which saw total revenue of $318 million over the three months through June 2022, 44 percent lower than the same period in 2021.

Robinhood had initially planned to cut nearly 10 percent of its full-time staff, but CEO said this did not go far enough. The zero-fee app had staffed up assuming that the heightened interest in trading from retail investors after the meme-stock phenomenon would carry into 2022. This assumption has run into the headwinds of inflation and the crypto winter that are affecting activity at all retail platforms.

  • Read this next

    Retail FX

    Weekly Roundup: FX prop firms switch to cTrader, who moved $1.35B BTC?

    The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.

    Digital Assets

    Bitcoin breaks all records with a massive $1.347 billion transaction

    This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020.

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.

    Web3

    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.

    <