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by drevil-v2 2158 days ago
I am pretty sure online share trading has been around since early 2000s.
1 comments

With dumb commission fees and other policies that made it deliberately obtuse and painful for the retail investor. Even today, with any brokerage, you can't freely trade without penalty unless you pass the class based virtue signal of having $25k amassed in your investment account.
If you think robinhood is providing their service out of a sense of Altruism then I have got a beautiful bridge I would like to sell you...

Read up on bid/ask spreads and market makers. It’s a pretty profitable business. Even more so than just charging “dumb commission fees”

And that $25,000 “class” limit, hahaha that’s like saying that payday loan providers are a community service.