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A comment on FINRA Orders Record Financial Penalties Against Robinhood. Parent comment

Re:FINRA Orders Record Financial Penalties Against Robinhood by chiph on Monday July 05, 2021 @06:57AM (#27736568)
The big players won't invest in or buy Robinhood as the name is now tainted. They'll set up their own app-based retail broker [0] and market it to the same customer base.

[0] Which ought to be super easy - pay some devs to write a new app front-end to their existing trading systems, but without a lot of complexity to it so it's easy to use by novices.

[ Parent | on HN ]
Re:FINRA Orders Record Financial Penalties Against Robinhood by JumpCrisscross on Monday July 05, 2021 @09:44AM (#27737906)
> the name is now tainted

Robinhood’s user growth is surging. To the target market, brokerage customers who respond to good UI more than trading needs, it’s apparently not a problem. That target market is demonstrably unusually profitable.

[ Parent | on HN ]