When the statement you refer to was made,it was before Robinhood forced the entire...
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When the statement you refer to was made,
it was before Robinhood forced the entire industry to drop - commissions and replicate our...
- I should take that as a no. You're not willing to pass on
the proceeds of payment for order flow to your customers? - When the other brokers drop...
- I'm just talking about today. - Asshole.
- I don't want to be rude. I just have limited time, but if removing the revenues that you make
from a payment for order flow would cause the removal
of free commissions, doesn't that mean that
trading on Robinhood isn't actually free to begin with? Good question
it was before Robinhood forced the entire industry to drop - commissions and replicate our...
- I should take that as a no. You're not willing to pass on
the proceeds of payment for order flow to your customers? - When the other brokers drop...
- I'm just talking about today. - Asshole.
- I don't want to be rude. I just have limited time, but if removing the revenues that you make
from a payment for order flow would cause the removal
of free commissions, doesn't that mean that
trading on Robinhood isn't actually free to begin with? Good question
Full Transcript
00:00:01.000 --> 00:00:05.213
When the statement you refer to was made,
it was before Robinhood forced
00:00:05.213 --> 00:00:07.215
the entire industry to drop
00:00:07.215 --> 00:00:08.925
- commissions and replicate our...
- I should take that as a no.
00:00:08.925 --> 00:00:11.761
You're not willing to pass on
the proceeds of payment for order flow
00:00:11.761 --> 00:00:12.072
to your customers?
00:00:12.072 --> 00:00:15.431
- When the other brokers drop...
- I'm just talking about today.
00:00:15.431 --> 00:00:16.641
- Asshole.
- I don't want to be rude.
00:00:16.641 --> 00:00:18.999
I just have limited time,
00:00:18.999 --> 00:00:22.001
but if removing the revenues that you make
from a payment for order flow
00:00:22.001 --> 00:00:25.525
would cause the removal
of free commissions,
00:00:25.525 --> 00:00:27.318
doesn't that mean that
trading on Robinhood
00:00:27.318 --> 00:00:29.278
isn't actually free to begin with?
00:00:29.278 --> 00:00:30.655
Good question.
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Movie Summary
David vs. Goliath tale about everyday people who flipped the script on Wall Street and got rich by turning GameStop (the video-game store) into the world's hottest company.
