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Yes but there’s something about having it available on a phone, together with all the social elements (Twitter, Reddit, etc) that’s adding fuel to the fire. Als
by uptownfunk 4y ago
Yes but there’s something about having it available on a phone, together with all the social elements (Twitter, Reddit, etc) that’s adding fuel to the fire. Also the fact that engagement probably correlates to trading activity (which leads to revenue) means they have every interest to make the app use as addicting and easy as possible.
- hgsgm 4y agoRobinhood's primary business model is to offer free trades, financed by counterparties, because RH's user base is a flow of people taking a nearly guaranteed wrong side of a trade.
- uptownfunk 4y agoRegardless of who finances it, more trades means more $. They have no business unless people trade.