Robinhood lives on Wallstreet
"Robinhood's entire business is built on selling its customers’ orders to trading titans like Citadel Securities. The secret sauce of Robinhood’s success is something its founders are loath to publicize: From the beginning, Robinhood staked its profitability on something known as “payment for order flow,” or PFOF."
An economic model for self destruction. Robinhood takes from the poor to make the founders of this trading software billionaires. A few manipulate the legal enticingly eventual get rich scheme to their favor: Read this Forbes article for a not so elementary education in trading
which is aimed at the careless or inexperienced trader. Most everybody looses except a few who
keep their wits and a growing percentage of chance.
which is aimed at the careless or inexperienced trader. Most everybody looses except a few who
keep their wits and a growing percentage of chance.
Comments