[dublidu]

Robinhood's average account size is much smaller than the traditional brokerages, so they're not making much (if any) per client. I don't know if waiting for your clients to get rich is a viable strategy these days because these clients might jump to better options in the future.

[adambratt]

They don't need to wait for the clients to get rich. Fidelity or Schwabb will buy them and then start to upsell the Robinhood users into other financial programs.