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submitted 7 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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[-] Imgonnatrythis@sh.itjust.works 50 points 7 months ago* (last edited 7 months ago)

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.

[-] min_fapper@iusearchlinux.fyi 18 points 7 months ago* (last edited 7 months ago)

Because they don't know better.

[-] foggy@lemmy.world 16 points 7 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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this post was submitted on 03 Dec 2023
117 points (96.8% liked)

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