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> I think Robinhood has proved that you can build a strong business by getting rid of an industry wide cost Pushing legacy(?) discount brokers to zero fee trad
by dehrmann 2y ago
> I think Robinhood has proved that you can build a strong business by getting rid of an industry wide cost
Pushing legacy(?) discount brokers to zero fee trades is their greatest contribution to the industry, but their business and success has been positioning investment products more like gambling. I don't have the data, but I suspect way more Robinhood users traded options than at Fidelity or Schwab.