Robinhood: Cash Management

It's a race to the bottom. Interests on the funds that are not invested is the main revenue stream for all the brokers.

RobinHood is taking the Uber//WeWork approach and tries to scale at all costs here. or every dollar they earn they probably lose 10.

Take 2.

https://techcrunch.com/2019/10/08/robinhood-cash-management/

This seems like a retaliation after Schwab then Ameritrade then ETrade reduced their commission fees. The Robinhood team never ceases to amaze me.