Robinhood stock trading app confirms $110M raise at $1.3B valuation

Re:Robinhood stock trading app confirms $110M raise at $1.3B... by appetizer on Wednesday April 26, 2017 @01:44PM (#14205234)

Unsophisticated investors already have access to 4:1 leverage in every stock broker out there, which is quadruple the money, so you don't know what you are talking about?

Surprise! Robinhood is going to make revenues like a normal broker, who at this point already have mobile apps that are just as intuitive and more fully featured.

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Re:Robinhood stock trading app confirms $110M raise at $1.3B... by j2bax on Wednesday April 26, 2017 @02:01PM (#14205381)

I have accounts with traditional brokers and with Robinhood. I assure you the barrier to entry with Robinhood is far lower than traditional brokers. I could definitely see this being a major concern with the potential to ruin some unsuspecting innocently curious "investors" lives.

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Re:Robinhood stock trading app confirms $110M raise at $1.3B... by appetizer on Wednesday April 26, 2017 @02:11PM (#14205489)

financially naive speculators blow up their account with partially featured financial company

straight out of the onion folks.

Robinhood's gold account is still 100% less margin than other brokers and the regulations themselves allow! Yet they are getting people to pay for it! Have a laugh because it is hilarious, paying for the privilege to pay interest is the bigger article here.

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