Hacker News new | ask | show | jobs
by willdearden 2017 days ago
More like broker 1 offered it to me for 95 and to pay Robinhood 1. Broker 2 offered it to me for 97 and to pay Robinhood 2. Robinhood took the offer from broker 2. No collusion necessary but they weren’t acting in the best interests of their customers according to stated offers.
1 comments

I always thought that Robinhood's customers were not folks with the Robinhood app, but rather the association of their traffic with clearing houses like Citadel?
That may be true in the “your customers are who pay you” judgement but it’s definitely not true in the “who you have a fiduciary duty to” sense.
well said