Stock trade app Robinhood raising at $5B+, up 4X in a year

Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by bcherny on Thursday March 15, 2018 @10:04PM (#16598042)

I mean, average portfolio size for Robinhood users is probably in the $1k-10k range. How much does your 22 year old cousin care whether she pays $325.60 or $325.62 for a share of TSLA? For individuals it’s negligible, but for the HFT firms whose kickbacks make up most of Robinhood’s revenue, this adds up.

[ Parent | on HN ]

Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by austenallred on Friday March 16, 2018 @02:52AM (#16599055)

Yeah, worst case scenario use a limit

[ Parent | on HN ]

Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by barnabes on Friday March 16, 2018 @08:14AM (#16600082)

Do limits guarantee a price?

[ Parent | on HN ]

Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by rifung on Friday March 16, 2018 @10:37AM (#16600937)

No but they put an upper bound on it which is likely what people would care about anyway

[ Parent | on HN ]