Post# 1611935497

Qt : "Robinhood makes money by selling user’s trades to other large firms before they are actually executed. Those firms make money by effectively seeing what the retail investors on Robinhood are going to do before they actually do it, and acting accordingly. Those firms are basically buying information that then informs their own trades."

There are more gems in here. Vice nailing it. Conclusion, the stock market is a large casino. And the rule of casino -- the house always wins. Users are the product.
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https://www.vice.com/en/article/qjpnz5/robinhoods-customers-are-hedge-funds-like-citadel-its-users-are-the-product

29-Jan-2021 9:51 pm