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> 40% of Robinhood's revenues earlier this year were derived from selling its customers' orders to firms This has been openly known for years now. The article
by gennarro 6y ago
> 40% of Robinhood's revenues earlier this year were derived from selling its customers' orders to firms
This has been openly known for years now. The article presents it as “stealing” but it’s really more the case of data leakage and the market becoming less optimal. Free trading isn’t possible without something to pay for it unfortunately.
- ta1234567890 6y ago> This has been openly known for years now. And likely nobody cared about it, until now when there’s a huge conflict of interest for RH and they’ve chosen a side (against their users).