Other companies starting to do 0 dollar trades. Worth it to buy shares on the private market?
TC: 500k
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Travel
Health Care & Insurance
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
In part it achieves this by not providing the services (Eg proper charting tools) that a serious investor would use.
Competitors to Robinhood are often more in the customers favor, and so would be less profitable to HFT firms who buy the order flow.
But I don’t really see them being able to become more than an entry level tool.
They seem to really want to move into traditional banking, which is a very overcrowded market.
But it’s possible that they could offer some sort of service that replaces a traditional bank and automatically invests balances above some figure.
There’d be a lot of benefit to that to customers, and they could keep growing their customer base, but it’s has a very low moat.
There are so many public companies with more transparency and much lower transaction costs.