Re:Robinhood Is Set to Raise at Least $200 Million in New Fu...
by stevenwoo on Friday May 24, 2019 @08:23PM
(#20006356)
What effect would the proposed sales tax on trades we see proposed occasionally have on Robin Hood's model?
Here's the most recent version:
https://www.cbsnews.com/news/bernie-sanders-taxing-wall-stre...
[ Parent
| on HN ]
Re:Robinhood Is Set to Raise at Least $200 Million in New Fu...
by adventured on Friday May 24, 2019 @08:31PM
(#20006397)
In this case, the proposed tax is meaningless because it's fantasy headline legislation (it exists solely as vote-stirring propaganda) that has no shot at passing. The never-passing proposal will have no effect on Robin Hood's business model.