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porkshoulder

-3 karma · joined July 20, 2020

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porkshoulder··on Robinhood and How to Lose Money
The only thing to remember is, as a customer, you’d be paying for that service in really bad execution. I still think this is genuinely democratizing but looks like Fidelity has this also (called the absurd “stock by the slice”)
porkshoulder··on Robinhood and How to Lose Money
That debate at the end over how the NYT portrayed how much money is made off of the order flows is interesting.

Is it reasonable for the NYT journalist to use total payment order flow revenue / average dollar amount per account instead of diving by total number of accounts? The latter seems like it would be a cleaner way to say "this is, on average, how much they're making off of each person"

Whatever it is - Robinhood is cleaning up. Wish I was invested in the company instead of just using it.