Robinhood
TL;DR
American financial services company cited as example of business model contradicting stated mission.
Speed Read
0%
300 WPM
-- remaining
American financial services company cited as example of business model contradicting stated mission. Markets itself as 'democratizing finance' but makes money by selling order flow to high-frequency traders who profit from retail investors' trades. Chemical signal (business model) contradicts verbal signal (mission).
Cautionary Notes on Robinhood
- Business model contradicts democratizing finance mission