Robinhood and IBKR are fundamentally the same businesses, but one cohort of users is less price sensitive vs. the other. a 50-100bp fee to use the platform per year is manageable when equity returns are on average ~8% per year, but if we introduce sports gambling, you end up

Noah
@TraderNoah
12-20
I have a hard time believing that financial superapps can house gambling products in the same application as savings products without leading their users to lose large sums of money. I guess time will tell one way or another.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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