Robinhood CEO Plots Turnaround After Rocky First Year Since IPO

A relaxed vibe envelops Robinhood Markets Inc.’s California headquarters, where employees stroll in pairs around a lush courtyard of cacti, towering conifers and a squat grapefruit tree.

The Zen-like mood extends to the C-suite of the app-based brokerage, where co-founder and Chief Executive Officer Vlad Tenev, wearing white sneakers and a charcoal button-down, sprawls out on a blue sofa during an interview.

Vlad Tenev at Robinhood headquarters in Menlo Park, California.

Photographer: David Paul Morris/Bloomberg

It’s not exactly the kind of atmosphere one might expect for a company that has lost more than $4 billion in the past five quarters and seen its stock plunge 77% since last July’s initial ...