Tech Industry
Yesterday
1636
The end of Backdoor Roth?!
Cars
Yesterday
315
Is GM gamble to ditch Apple CarPlay a good move?
India
Yesterday
693
Modi is a legend, will be remembered for centuries to come
Working Parents
Yesterday
565
What do you think is wrong with a kid who got rejected by 9 colleges?
India
Yesterday
743
Who are these retards asking for dictatorship in India?
I know Robinhood had a rough year with the GME situation, but still you folks worked hard to bring an app to us that ended up removing trading fees on all other brokerages like vanguard, fidelity, etc. Wondering what the emotions are like for you folks. How’s the Robinhood Blind channel? How’s the overall sentiment there? tc: 163k
Let me start from the beginning… when I was a boy in Bulgaria
Sir this is Wendy’s
Hoes mad in this thread Congratulations to hardworking Robinhood employees
I picked up 2 shares, just trying to ride the wave 🥴🥴
They 3x’d their valuation in a year and it seems to be roughly holding up. Congrats!
Dude they didn’t remove trading fees. They just made the pricing more obscure because of payment for order flow. Truth is don’t know how much we are paying in order flow vs commissions to suggest they did any good. Then all the brokers followed suit. Do you really think that brokers would abandon their previous model if they didn’t have significant revenue coming to replace it? Vlad made it blackbox pricing and then slabbed a bunch of marketing on it to make it seem like they are heros
We literally do know this. All other brokers make even more money on payment for order flow. Just cause you’re smokin somethin and don’t do due diligence, doesn’t mean the facts aren’t there for you. RH is able to offer better execution prices by being the first to exploit that retail traders aren’t informed, so can be offered lower spreads because they won’t run over market makers.
Oops, no robinhood has the worst execution of any broker per their own sec filings.
So what were y’all’s strike prices RH employees?
$2
How many options?
Same. Thank you RH’ers. I would’ve never gotten into stocks and ETFs as early as I did without the fancy UI and 0$ trades. You guys actually helped me make hundreds of thousands of $. Every company has outages, all of us should know the stress and crazy issues that happen.
agreed. Only reason i got into investing into stocks is because of how easy RH made it for me. Thought I use vanguard now, i still have to respect RH for opening the doors for me
They steal the money from you via payment for order flow.
Op mentions they bring you an app that ended removing trading fee like it’s a good thing. They sell your data to hedgies when they use that data to manipulate the market at your expense. Why didn’t you mention that?
fee-less trading isn’t a good thing? well if you wanna pay fees to buy stocks noones stopping you :) also no one is forcing you to use robinhood; if you don’t want to have your data used by hedge funds then don’t use robinhood. pretty simple 🤷 i’m not a RH spokesperson, i’m just giving a shoutout to them for changing the trading game and congratulating their newly minted millionaires
You seem to like hedgies using your data against you
No responses from RH employees here yet. Must be busy partying :/
Fuck Vlad
🤷🏻♂️
He's a cool guy but I'd rather not.