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The biggest problem is how Robinhood promotes trading individual stocks and cryptos, often with leverage. I'd laud them as a democratizing force if they guided
by pradn 6y ago
The biggest problem is how Robinhood promotes trading individual stocks and cryptos, often with leverage. I'd laud them as a democratizing force if they guided people into safe long-term investments. But that's not what gets the buzz, and it's not what gets them more users.
- rokobobo 6y agoI believe RH's revenue is mostly from payment for order flow (as opposed to, say, interest on AUM), so on top of what gets them more users, higher trading activity is what gets them more dollars.