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A comment on Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop. Parent comment

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by aphextron on Thursday January 28, 2021 @11:48AM (#25944671)
>Why should Robinhood pick a winner (siding against their own customers)?

Robinhood operates a lot like Facebook. The "Gold" subscriptions and margin interest are tiny portions of their actual revenue. We are not their customers, we are the product. They offer free trades in exchange for selling order flow data to hedge funds, which in turns allows them to manipulate the markets. Of course they would protect their actual customers.

[ Parent | on HN ]
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by variaga on Thursday January 28, 2021 @01:06PM (#25946026)
This is the correct take.

If you thought free brokerage accounts with no-fee transactions was too good to be true... you were right! There was a catch, and this is it.

[ Parent | on HN ]