Robinhood raises $323M at a $7.6B valuation

Re:Robinhood raises $323M at a $7.6B valuation by paxys on Monday July 22, 2019 @03:16PM (#20501322)

So Robinhood is now loaning money to helpless people at exorbitant interest rates? Or did you just make up a new definition for "predatory lending"?

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Re:Robinhood raises $323M at a $7.6B valuation by dnadler on Monday July 22, 2019 @03:40PM (#20501542)

Last I checked, their margin rates were ridiculous. So that description isn't as far off as you might think.

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Re:Robinhood raises $323M at a $7.6B valuation by bduerst on Monday July 22, 2019 @03:46PM (#20501607)

Wait, how so? Robinhood's margin is 5%.

Most (fidelity, etrade, etc.) have margin rates around ~10%. IB has ~3-4% but they're an outlier in this regard.

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