3 ms·
>> have good explanations for their underlying business models Where could I find this? I havent seen it anywhere and have been half-worried they will either
by TuringNYC 8y ago
>> have good explanations for their underlying business models
Where could I find this? I havent seen it anywhere and have been half-worried they will either jack up prices or sell-out customers hanging like CapitalOne/ShareBuilder did. What is their short term and long term revenue model that would make their [awesome] product sustainable?
Aside: I love M1, especially after CapitalOne/ShareBuilder left their customers hanging.
- theautist 8y agoI think both Robinhood and M1 Finance collect interest on their customers' cash and securities. Robinhood also makes money by offering margin to its customers and I believe M1 Finance has a similar but more general offering called M1 Borrow where the money borrowed can be used anywhere instead of just trading.