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Robinhood makes money off of uninvested capital and margin accounts, not trade commissions. So why would they care what we buy or whether we make purchases rare
by webninja 10y ago
Robinhood makes money off of uninvested capital and margin accounts, not trade commissions. So why would they care what we buy or whether we make purchases rarely or not?
- huac 10y agoSomeone who trades frequently is more likely to upgrade to Robinhood Gold than somebody who buys an index fund once and forgets.
- usefulcat 10y agoAccording to TFA they also make money off of rebates, which are proportional to the number of shares traded.
- matt_wulfeck 10y agoSo then they make money of both.