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How are they sustaining that free trading? If it's on VC money, then I worry what exactly happens to shares if the firm shuts down. Who is actually holding the
by digikata 9y ago
How are they sustaining that free trading? If it's on VC money, then I worry what exactly happens to shares if the firm shuts down. Who is actually holding the shares becomes a critical question in that circumstance.
Edit: I see a $110M Series C in April '17 reported for Robinhood.
- mi100hael 9y agoYou can pay like $10 a month for their "Gold" offering. Gets you margin (which also nets them some money) & after-hours trading.
- paulpauper 9y agoExcept for margin trading, robinhood is a great deal. Many of these regular discount brokers are committing high way robbery in terms of the fees. TC Ameritrade is the worst in this regard. I hope robbinhood puts them out of business or at least takes away a large chunk of their market share.