What is the brokerage firm Robin Hood worth after zero commissions?

guru said:
"can they even survive?"
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The word survive can have multiple shapes.

eToro founded in 2006 , Israel, has a revenue of 8 mils or so, while Plus500, UK, ( one of it's competitors) has a revenue of 700 mils.

Both offers commission free trading in EU & both survive... :)

Non that-much related list :
(fits perfect your words about general masses wanting simplicity)

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@MattZ shared a video of happy Uber driver buying single SNAP share right at IPO.
 
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Nobert said:
The word survive can have multiple shapes.

eToro founded in 2006 , Israel, has a revenue of 8 mils or so, while Plus500, UK, ( one of it's competitors) has a revenue of 700 mils.

Both offers commission free trading in EU & both survive... :)
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They are bucket shops offering spread bets. They are trading against their customers. They are not regulated brokerage accounts so do not have insurance.
 
ZBZB said:
They are bucket shops offering spread bets. They are trading against their customers. They are not regulated brokerage accounts so do not have insurance.
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:D
I absolutely agree, yet the amount of choices, in EU, is limited, especially with low size account.
 
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zdreg said:
Can they even survive?

What they were worth in the latest capital raising round?
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%%
Maybe; a broker experienced in panic selling penny stocks could make it. I wondered about a penny stock broker with the admitted name RobinHood[ robin is a derivative of Robbing]:D:D,:D:D:D:D:D Maybe they named it after P Tudor Jones Foundation,LOL, which could be a good name ??
 
guru said:
I know a few people (including my wife) that will not use anything else except Robinhood, simply because everything else seems too complex. All they want to see is a basic chart and couple buttons.
Such extreme simplicity is what made iPhone the leader (first phone with one or no buttons?), it is what makes Craigslist so popular, and it is the requirement for any modern apps. Who cares about 20 products or websites or apps doing the same thing when people always come to the one that's simplest/easiest to understand, and that they already got used to. People don't even care about the price of products like iPhone or Tesla, it's all about usability, brand, familiarity and what their friends use. Professional traders may not use Robinhood, but how many professional traders are there, within 6 million Robinhood users?
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%% Good points;
not on TSLA = LOL-the other points.
 
I somehow feel like we’re going to be in the same situation as the Chinese market a few years ago where every one and their dog was opening an account.

It’s like the brokerages are dying for accounts and theirs no more money flowing into the market.

First IB dropped their minimum which has been there for a long time, then this free commissions crap.

Someone posted recently an article with Michael Burry discussing the problems of ETF’s and liquidation.

Theirs just so much money sitting in ETF’s compared to 2008 from passive indexers. Be interesting to see how it pans out when those have a to feel a bit of pain in the market.
 
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