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It's well-known how Robinhood makes money. They sell data they have based on tracking their user's habits within the app. This "it's free so what do people exp
by disgu 6y ago
It's well-known how Robinhood makes money. They sell data they have based on tracking their user's habits within the app.
This "it's free so what do people expect" is such a ridiculously lame excuse as well. No, it's not free. The user is just not the one paying. If the app sells the data and offers a service in exchange then they better offer that service.
- short_sells_poo 6y agoBut the user is the one paying - they get a worse execution than they could have gotten. The difference is split between RH and Citadel. The user does not have to shell out cash per transaction, but they will pay for the service one way or another.