Sublime
An inspiration engine for ideas
How can Robinhood afford to give 3% cash back?
@vladtenev answers
2 customers:
Transactors pay balance in full. RH is using this as upsell to other Robinhood products via Gold
Revolvers use debt. RH makes money lending to them.
They are ultimately co... See more
Sheel Mohnotx.com
Robinhood is using stablecoins to power a lot of their weekend settlements (excerpt from the earnings call today)
Curious how this looks under the hood https://t.co/4pJ00ovdZJ
The Robinhood mechanic asked wait list users to tweet or post to social media in order to jump ahead, ultimately bringing a million users in before a widespread release.
Andrew Chen • The Cold Start Problem: How to Start and Scale Network Effects
I asked @llihas about the growth strategy that got Robinhood most of its userbase:
"We did a ton of data science and found that when a user sells their first stock, that leads to maximum retention.
It's non-intuitive. But a sell is when you lock-in your first gains, which is what hooks peopl... See more
The Peelx.comBuying and selling stocks is a great way to invest your earnings and make extra money, but with every trade you have to pay some commission to a broker. Or do you? The stock-trading app Robinhood lets you make trades for free.[326] That’s right, zero commission. So how do they stay in business? There are two main ways Robinhood makes money.[327] Fi
... See more