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Assuming patio11’s comment[1] from yesterday is correct that this is a loss leader intended to target millennials with low value accounts rather than whales, ma
by jschmitz28 8y ago
Assuming patio11’s comment[1] from yesterday is correct that this is a loss leader intended to target millennials with low value accounts rather than whales, maybe this is Robinhood’s intended outcome to make it less attractive to the customers they don’t want?
[1] https://news.ycombinator.com/item?id=18673426 https://news.ycombinator.com/item?id=18673426
- gus_massa 8y agoIt may be true, but it's not relevant for the current article. The questions is if these accounts will be insured by the FDIC or the SIPC or neither?