2 ms·
> Robinhood's whole business model is making money from people who think they're getting a free lunch. You're still paying money for the trade. But instead of p
by jcfrei 8y ago
> Robinhood's whole business model is making money from people who think they're getting a free lunch. You're still paying money for the trade. But instead of paying a direct fee, you're paying more money via the bid-ask spread.
This gets brought up in every thread about Robinhood and is simply wrong. Check out this explanation of Robinhood's business model: https://www.bloomberg.com/opinion/articles/2018-10-16/carl-icahn-wants-to-fight-dell-again https://www.bloomberg.com/opinion/articles/2018-10-16/carl-i...