Valuation for Robinhood, Maker of App That Offers Free Stock Trades, Tops $5 Billion

It actually sounds pretty good. Too bad I have zero excess cash.

One of the final blow, Fidelity also follows zero commission trades from now

Fidelity Is Latest to Cut Online Trading Commissions to Zero

Wall Street’s digitization has reset many of the fundamental costs of investing

Beginning early Thursday, Fidelity stopped charging individual investors commissions on online trades of U.S. stocks, exchange-traded funds and options trades. For investment advisers, commissions will be cut to zero on Nov. 4. Fidelity’s online brokerage has 21.8 million accounts.

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Brokerage WarS, better than storage wars :tv:

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Now Merill Edge joins, only one Vanguard left so far.

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sell sell sell

Sell what

Every popular stocks because these accounts will be forced to dump stocks, margin calls and more forced selling.

Results Oct 1929 - Unlimited Margin…

Look at this 3k to 1.7M

More consolidation? ToS bought by TD-Ameritrade which could be acquired by Charles Schwab?
I got thrown from place to place.

Etrade should be in play too . Maybe one of the big banks will scoop it up.

What? More throwing around? Do I get compensated for this?

So much for the waitlist. Told you it was a sham.

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But Robinhood really made one thing: Forcing all existing brokers to match zero commission, that is great, esp traders like me !

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