News for hackers. Stuff that matters.

A comment on Robinhood denies claims that it sold GameStop shares out from under its traders. Parent comment

Re:Robinhood denies claims that it sold GameStop shares out ... by Dylan16807 on Friday January 29, 2021 @05:47PM (#25963806)
They skim a little bit off each trade, but in a way that doesn't cost the consumer more than the sticker price. It's basically a commission and every broker does it, so no red flag.
[ Parent | on HN ]
Re:Robinhood denies claims that it sold GameStop shares out ... by lupire on Friday January 29, 2021 @08:41PM (#25965155)
Do RH users get worse prices than commission brokers?
[ Parent | on HN ]
Re:Robinhood denies claims that it sold GameStop shares out ... by Dylan16807 on Friday January 29, 2021 @08:46PM (#25965197)
Depends on which broker. But generally it's somewhere around a penny so for most trades even if you're paying more per stock it's a better deal than even a very cheap direct commission.
[ Parent | on HN ]