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A focused study group for the discussion of economics and economic policy.
32045 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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[https://www.vice.com/en/article/qjpnz5/robinhoods-customers-are-hedge-funds-like-citadel-its-users-are-the-product](https://www.vice.com/en/article/qjpnz5/robinhoods-customers-are-hedge-funds-like-citadel-its-users-are-the-product) “The Wallstreetbets subreddit are furious after Robinhood stopped allowing trading on GameStop. Here’s how the “commission free” investing app makes money.”
[https://www.vice.com/en/article/qjpnz5/robinhoods-customers-are-hedge-funds-like-citadel-its-users-are-the-product](https://www.vice.com/en/article/qjpnz5/robinhoods-customers-are-hedge-funds-like-citadel-its-users-are-the-product) “The Wallstreetbets subreddit are furious after Robinhood stopped allowing trading on GameStop. Here’s how the “commission free” investing app makes money.”
Robinhood has spent a great deal of energy marketing itself as born out of the Occupy Wall Street movement and champions a mission to “democratize finance for all.
Robinhood has spent a great deal of energy marketing itself as born out of the Occupy Wall Street movement and champions a mission to “democratize finance for all.
It's a brilliant business model: if people are dumb enough (and solvent enough) to gamble with day trading, they can probably be taken advantage of in other ways as well. Therefore, a lot of money can be made selling their information to parties interested in doing so.
It's a brilliant business model: if people are dumb enough (and solvent enough) to gamble with day trading, they can probably be taken advantage of in other ways as well. Therefore, a lot of money can be made selling their information to parties interested in doing so.
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Yeah, it is effectively the ultimate front-running bot.
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Yeah, it is effectively the ultimate front-running bot.
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"If the service is free, you are the product. Robinhood users thought the service was accountable to them, but actually it exists to serve giant Wall Street institutions like Citadel and other market makers." So, It's a good time to remind everyone that if you're not paying for a service with actual money, you are most certainly paying for it in another way.
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"If the service is free, you are the product. Robinhood users thought the service was accountable to them, but actually it exists to serve giant Wall Street institutions like Citadel and other market makers." So, It's a good time to remind everyone that if you're not paying for a service with actual money, you are most certainly paying for it in another way.
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