Robinhood denies claims that it sold GameStop shares out from under its traders

Re:Robinhood denies claims that it sold GameStop shares out ... by ghaff on Friday January 29, 2021 @04:48PM (#25963094)

For regular purchases, most large brokerages don't charge commissions these days on most purchases. Not a particular fan of RH but the fact that they don't charge commissions isn't any more of a flag than in the case of Fidelity.

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Re:Robinhood denies claims that it sold GameStop shares out ... by suifbwish on Friday January 29, 2021 @07:00PM (#25964516)

Where do brokerage firms that don’t charge for trades or membership make their money from then?

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Re:Robinhood denies claims that it sold GameStop shares out ... by ghaff on Friday January 29, 2021 @07:14PM (#25964612)

Interest on cash/float/loans, management fees on their own funds, "skim" off trades, other fees of various kinds, etc.

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Re:Robinhood denies claims that it sold GameStop shares out ... by duemti on Saturday January 30, 2021 @05:00AM (#25967793)

it is a red flag indeed. They route orders to market makers that profit from arbitrage (not exchanges), and other shady stuff.

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