Comments by "Samson Soturian" (@samsonsoturian6013) on "Robinhood IPO Access $HOOD" video.

  1. Robinhood makes money from this product this way: They get a bulk order discount, say $9.90 instead of $10, then they sell all the shares to users at $10. Making a modest profit at low risk in a span of weeks.
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  2.  @sean721  hey, I could teach a teenager to trade reasonably well. And you need a parent to cosign the account if you're under 18 (of course you can get around that). And minors buying stocks isn't new. And frankly it isn't any significant money maker since teens have little if any savings.
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  3.  @susymay7831  yeah. They do that too.
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  4.  @sean721  you have to signoff a bunch of SEC mandated disclosures when you open an account that no one reads. There's some spread helpers on the ap that I never used. There's some learning videos that few watch. I think a teen degenerate enough to do what you describe will simply become an adult degenerate anyway.
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  5. The founders got stupid rich. That's quite thanks enough
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  6. Found the thief
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  7. Robinhood's 20 billion assets under management isn't enough to do that except for select small cap stocks. Also, the amount of shares Robinhood offers will be finite and the execs are aware they can get screwed by autists, so they'll avoid such scenarios.
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  8.  @Zihuatanejog  if you'd rather pay commissions than order flow you can be like me and not whine and switch brokers.
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  9.  @ivan200804  that reflects your worldview, not anyone else's.
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  10. Robinhood's advertising targets college students. People with only a little savings and skills but will have more later.
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