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The big players won't invest in or buy Robinhood as the name is now tainted. They'll set up their own app-based retail broker [0] and market it to the same cust
by chiph 5y ago
The big players won't invest in or buy Robinhood as the name is now tainted. They'll set up their own app-based retail broker [0] and market it to the same customer base.
[0] Which ought to be super easy - pay some devs to write a new app front-end to their existing trading systems, but without a lot of complexity to it so it's easy to use by novices.
- JumpCrisscross 5y ago> the name is now tainted Robinhood’s user growth is surging. To the target market, brokerage customers who respond to good UI more than trading needs, it’s apparently not a problem. That target market is demonstrably unusually profitable.