How does Robinhood actually make money if it’s “commission-free”?
Genuine question. Robinhood keeps saying zero commissions, no trading fees, blah blah.
So… how are they paying servers, engineers, and Vlad’s haircut?
I know they’re not a charity. Are they selling order flow? Skimming spreads? Making bank on uninvested cash?
Feels like one of those “free” things where you are the product, but I want the exact mechanics.
Anyone know the real breakdown, not the marketing version?
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