this post was submitted on 03 Dec 2023
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Robinhood CEO defends payment for order flow, says practice is ‘here to stay’::That's despite calls from notable consumer trading advocates and regulators for a ban on the practice.

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[–] [email protected] 51 points 9 months ago* (last edited 9 months ago) (7 children)

Assume their client base is all dicks and idiots at this point so why not? I don't understand why anyone trusts their money to these clowns.

[–] [email protected] 18 points 9 months ago* (last edited 9 months ago) (1 children)

Because they don't know better.

[–] [email protected] 16 points 9 months ago

It's because in 2008 we decided that some financial institutions were "too big to fail," so now every institution wants to have a fucking credit card attached to their business model to catch the wave of that "too big to fail" dollar.

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