Because they don’t know better
Comment on Robinhood CEO defends payment for order flow, says practice is ‘here to stay’
Imgonnatrythis@sh.itjust.works 1 year ago
Assume their client base is all dicks and idiots at this point so why not? Indont understand why anyone trusts their money to these clowns.
min_fapper@iusearchlinux.fyi 1 year ago
foggy@lemmy.world 1 year ago
It’s because in 2008 we decided that some financial institutions were “too big to fail,” so now every institution wants to have a fucking credit card attached to their business model to catch the wave of that “too big to fail” dollar.
jmp242@sopuli.xyz 1 year ago
I mean I don’t trust Robin Hood, but do they sell the securities for more money? Or is it just they try and get you to make more trades? I’m not even sure how a broker would do that beyond making the fees 0. I mean, maybe if they were managing your investments for you, but they’re a discount broker where you do self directed trades right?
Kalkaline@leminal.space 1 year ago
Just because dicks and idiots are getting scammed doesn’t make it right.