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"Robinhood, which does not charge an upfront commission to trade, makes about three-quarters of its revenue from payment for order flow, which are payments it g
by marvel_boy 5y ago
"Robinhood, which does not charge an upfront commission to trade, makes about three-quarters of its revenue from payment for order flow, which are payments it gets from market-makers who execute its customers' trades. The more people trade, the more money Robinhood gets."
Accordingly all this companies (Peloton, Robinhood,..) will suffer now that the pandemic & WFH is finishing.
- mgh2 5y agoTheir revenues were also heavily tied to crypto https://www.cnbc.com/2021/08/18/robinhood-crypto-revenue-jumped-over-45-fold-in-q2-to-233-million.html https://www.cnbc.com/2021/08/18/robinhood-crypto-revenue-jum...
- mschuster91 5y ago> Accordingly all this companies (Peloton, Robinhood,..) will suffer now that the pandemic & WFH is finishing. Meh. Amateur investment into stocks and option plays certainly won't be gone even if WFH ends - that trend was already present way before the virus was discovered. RH just burned large parts of their user base and inspired countless memes by their despicable acts in the $GME affair.