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Robinhood: Cash Management
- Ambele 7y agoThis seems like a retaliation after Schwab then Ameritrade then ETrade reduced their commission fees. The Robinhood team never ceases to amaze me.
- xd1936 7y agoTake 2. https://techcrunch.com/2019/10/08/robinhood-cash-management/ https://techcrunch.com/2019/10/08/robinhood-cash-management/
- rainyMammoth 7y agoIt's a race to the bottom. Interests on the funds that are not invested is the main revenue stream for all the brokers. RobinHood is taking the Uber//WeWork approach and tries to scale at all costs here. or every dollar they earn they probably lose 10.
- lando2319 7y agoAs an investor, why should I care?