Not even madpic.twitter.com/2Pq6nuvVSR
What if Robinhood wasn’t actually buying anything and instead: - invested all of the capital into index funds - assumed their users would underperform funds - made $ on the difference
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I thought they did this lol
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My dude that is securities fraud Tho considering their legal team is apparently non existant maybe it is true
End of conversation
New conversation -
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someone actually did this! although just assumed they would lose money overall instead of vs. benchmark https://www.bloomberg.com/opinion/articles/2018-09-06/don-t-steal-money-from-day-traders-before-they-lose-it …
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actually possibly. possible fraud but possible
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Wouldn’t doubt it. They wanted to open checking and saving accounts that were not insured by the FDIC.
End of conversation
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r/WSB likely a $100B opportunity under this business model
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