Company
Robinhood
TL;DR
American financial services company cited as example of business model contradicting stated mission.
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