Robinhood’s Core Business More Than Tripled in First Quarter

Bloomberg2021-05-03

‘Payment for order flow’ revenue reached $331 million in 1Q The business is commonplace but has been controversial Robinhood Market Inc.’s largest source of revenue -- payment for order flow -- more ...

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Comments

AMz13
2021-05-03
AMz13
Funds sloshing in the market
KcKoh
2021-05-03
KcKoh
wowowowowowo
- Leston:
  hi
Ccl2
2021-05-03
Ccl2
Like andncomment
- UNCLEUNCLE:
  how......
- Lcc73:
  Comment
cutemiao
2021-05-03
cutemiao
Nice
WilKoh
2021-05-03
WilKoh
Pls help to like and comment. Thanks
- WilKoh:
  Thanks
- Charmzys:
  Commented
thjiuan
2021-05-03
thjiuan
Please like

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The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.</p>\n<p>The app popularized the zero-commission brokerage and introduced&nbsp;millions of millennials and Gen Zers&nbsp;to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.</p>\n<p>In response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.</p>\n<p>At&nbsp;Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Core Business More Than Tripled in First Quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Core Business More Than Tripled in First Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154634107","content_text":"‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more than tripled in the first quarter as the trading app became immensely popular with young investors amid the meme-stock frenzy.\nRevenue from “payment for order flow,” a system where market makers like Citadel Securities pay retail brokers including Robinhood for routing orders to them, reached about $331 million in the first quarter, up from $91 million a year ago, according to a securities filings last week cited by the Wall Street Journal.\nThe Menlo Park, California-based brokerage last year took in about $687 million from such payments, according to data from regulatory filings compiled by Bloomberg Intelligence.\nRobinhood co-founder and chief executive officer Vlad Tenev had testified that the practice is the company’s largest source of revenue. The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.\nThe app popularized the zero-commission brokerage and introduced millions of millennials and Gen Zers to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.\nIn response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.\nAt Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108833488,"gmtCreate":1620009140744,"gmtModify":1704337302670,"author":{"id":"3575092900834318","authorId":"3575092900834318","name":"KcKoh","avatar":"https://static.tigerbbs.com/dfc33c68e6092d5a024b6a267f1b4395","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575092900834318","idStr":"3575092900834318"},"htmlText":"wowowowowowo","listText":"wowowowowowo","text":"wowowowowowo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108833488","repostId":1154634107,"repostType":4,"repost":{"id":"1154634107","pubTimestamp":1620005163,"share":"https://ttm.financial/m/news/1154634107?lang=&edition=fundamental","pubTime":"2021-05-03 09:26","market":"us","language":"en","title":"Robinhood’s Core Business More Than Tripled in First Quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=1154634107","media":"Bloomberg","summary":"‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been","content":"<ul>\n <li>‘Payment for order flow’ revenue reached $331 million in 1Q</li>\n <li>The business is commonplace but has been controversial</li>\n</ul>\n<p>Robinhood Market Inc.’s largest source of revenue -- payment for order flow -- more than tripled in the first quarter as the trading app became immensely popular with young investors amid the meme-stock frenzy.</p>\n<p>Revenue from “payment for order flow,” a system where market makers like Citadel Securities pay retail brokers including Robinhood for routing orders to them, reached about $331 million in the first quarter, up from $91 million a year ago, according to a securities filings last week cited by the Wall Street Journal.</p>\n<p>The Menlo Park, California-based brokerage last year took in about $687 million from such payments, according to data from regulatory filings compiled by Bloomberg Intelligence.</p>\n<p>Robinhood co-founder and chief executive officer Vlad Tenev had testified that the practice is the company’s largest source of revenue. The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.</p>\n<p>The app popularized the zero-commission brokerage and introduced&nbsp;millions of millennials and Gen Zers&nbsp;to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.</p>\n<p>In response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.</p>\n<p>At&nbsp;Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Core Business More Than Tripled in First Quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Core Business More Than Tripled in First Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154634107","content_text":"‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more than tripled in the first quarter as the trading app became immensely popular with young investors amid the meme-stock frenzy.\nRevenue from “payment for order flow,” a system where market makers like Citadel Securities pay retail brokers including Robinhood for routing orders to them, reached about $331 million in the first quarter, up from $91 million a year ago, according to a securities filings last week cited by the Wall Street Journal.\nThe Menlo Park, California-based brokerage last year took in about $687 million from such payments, according to data from regulatory filings compiled by Bloomberg Intelligence.\nRobinhood co-founder and chief executive officer Vlad Tenev had testified that the practice is the company’s largest source of revenue. The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.\nThe app popularized the zero-commission brokerage and introduced millions of millennials and Gen Zers to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.\nIn response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.\nAt Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4205345,"gmtCreate":1620009613449,"gmtModify":1680786724429,"authorId":3575004595046674,"author":{"id":3575004595046674,"idStr":"3575004595046674","authorId":3575004595046674,"name":"Leston","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108833488,"type":1,"supId":0,"prevId":0,"content":"<u>hi</u>","text":"<u>hi</u>","html":"<u>hi</u>"}],"langContent":"EN"},{"id":108158359,"gmtCreate":1620006590371,"gmtModify":1704337238574,"author":{"id":"3581493206135613","authorId":"3581493206135613","name":"Ccl2","avatar":"https://static.tigerbbs.com/d42f34da4e87e15b0fca1740d5c0310a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581493206135613","idStr":"3581493206135613"},"htmlText":"Like andncomment","listText":"Like andncomment","text":"Like andncomment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/108158359","repostId":1154634107,"repostType":4,"repost":{"id":"1154634107","pubTimestamp":1620005163,"share":"https://ttm.financial/m/news/1154634107?lang=&edition=fundamental","pubTime":"2021-05-03 09:26","market":"us","language":"en","title":"Robinhood’s Core Business More Than Tripled in First Quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=1154634107","media":"Bloomberg","summary":"‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been","content":"<ul>\n <li>‘Payment for order flow’ revenue reached $331 million in 1Q</li>\n <li>The business is commonplace but has been controversial</li>\n</ul>\n<p>Robinhood Market Inc.’s largest source of revenue -- payment for order flow -- more than tripled in the first quarter as the trading app became immensely popular with young investors amid the meme-stock frenzy.</p>\n<p>Revenue from “payment for order flow,” a system where market makers like Citadel Securities pay retail brokers including Robinhood for routing orders to them, reached about $331 million in the first quarter, up from $91 million a year ago, according to a securities filings last week cited by the Wall Street Journal.</p>\n<p>The Menlo Park, California-based brokerage last year took in about $687 million from such payments, according to data from regulatory filings compiled by Bloomberg Intelligence.</p>\n<p>Robinhood co-founder and chief executive officer Vlad Tenev had testified that the practice is the company’s largest source of revenue. The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.</p>\n<p>The app popularized the zero-commission brokerage and introduced&nbsp;millions of millennials and Gen Zers&nbsp;to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.</p>\n<p>In response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.</p>\n<p>At&nbsp;Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Core Business More Than Tripled in First Quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Core Business More Than Tripled in First Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154634107","content_text":"‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more than tripled in the first quarter as the trading app became immensely popular with young investors amid the meme-stock frenzy.\nRevenue from “payment for order flow,” a system where market makers like Citadel Securities pay retail brokers including Robinhood for routing orders to them, reached about $331 million in the first quarter, up from $91 million a year ago, according to a securities filings last week cited by the Wall Street Journal.\nThe Menlo Park, California-based brokerage last year took in about $687 million from such payments, according to data from regulatory filings compiled by Bloomberg Intelligence.\nRobinhood co-founder and chief executive officer Vlad Tenev had testified that the practice is the company’s largest source of revenue. The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.\nThe app popularized the zero-commission brokerage and introduced millions of millennials and Gen Zers to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.\nIn response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.\nAt Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4204805,"gmtCreate":1620007227036,"gmtModify":1680786713429,"authorId":3578454236921942,"author":{"id":3578454236921942,"idStr":"3578454236921942","authorId":3578454236921942,"name":"UNCLEUNCLE","avatar":"https://static.tigerbbs.com/39d9ac757e81155e380be67c7f350841","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108158359,"type":1,"supId":0,"prevId":0,"content":"how......","text":"how......","html":"how......"},{"id":4204673,"gmtCreate":1620006603468,"gmtModify":1680786703992,"authorId":3564712937580301,"author":{"id":3564712937580301,"idStr":"3564712937580301","authorId":3564712937580301,"name":"Lcc73","avatar":"https://static.tigerbbs.com/72523840e673b42dada1978a1dc74033","vip":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-2","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 30%","bigImgUrl":"https://community-static.tradeup.com/news/50461c8139b6ca50fe2dae19aa769b25","smallImgUrl":"https://community-static.tradeup.com/news/c8eef504853d5a517c50d7a88fa5c1e1","grayImgUrl":"https://community-static.tradeup.com/news/5273727845028b8d9b65556bdcb217b9","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.16","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5300},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108158359,"type":1,"supId":0,"prevId":0,"content":"Comment","text":"Comment","html":"Comment"}],"langContent":"EN"},{"id":108151181,"gmtCreate":1620006531443,"gmtModify":1704337237436,"author":{"id":"3574384014717887","authorId":"3574384014717887","name":"cutemiao","avatar":"https://static.tigerbbs.com/bb482433c2ea26132373994768ab7de2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574384014717887","idStr":"3574384014717887"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108151181","repostId":1154634107,"repostType":4,"repost":{"id":"1154634107","pubTimestamp":1620005163,"share":"https://ttm.financial/m/news/1154634107?lang=&edition=fundamental","pubTime":"2021-05-03 09:26","market":"us","language":"en","title":"Robinhood’s Core Business More Than Tripled in First Quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=1154634107","media":"Bloomberg","summary":"‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been","content":"<ul>\n <li>‘Payment for order flow’ revenue reached $331 million in 1Q</li>\n <li>The business is commonplace but has been controversial</li>\n</ul>\n<p>Robinhood Market Inc.’s largest source of revenue -- payment for order flow -- more than tripled in the first quarter as the trading app became immensely popular with young investors amid the meme-stock frenzy.</p>\n<p>Revenue from “payment for order flow,” a system where market makers like Citadel Securities pay retail brokers including Robinhood for routing orders to them, reached about $331 million in the first quarter, up from $91 million a year ago, according to a securities filings last week cited by the Wall Street Journal.</p>\n<p>The Menlo Park, California-based brokerage last year took in about $687 million from such payments, according to data from regulatory filings compiled by Bloomberg Intelligence.</p>\n<p>Robinhood co-founder and chief executive officer Vlad Tenev had testified that the practice is the company’s largest source of revenue. The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.</p>\n<p>The app popularized the zero-commission brokerage and introduced&nbsp;millions of millennials and Gen Zers&nbsp;to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.</p>\n<p>In response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.</p>\n<p>At&nbsp;Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Core Business More Than Tripled in First Quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Core Business More Than Tripled in First Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154634107","content_text":"‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more than tripled in the first quarter as the trading app became immensely popular with young investors amid the meme-stock frenzy.\nRevenue from “payment for order flow,” a system where market makers like Citadel Securities pay retail brokers including Robinhood for routing orders to them, reached about $331 million in the first quarter, up from $91 million a year ago, according to a securities filings last week cited by the Wall Street Journal.\nThe Menlo Park, California-based brokerage last year took in about $687 million from such payments, according to data from regulatory filings compiled by Bloomberg Intelligence.\nRobinhood co-founder and chief executive officer Vlad Tenev had testified that the practice is the company’s largest source of revenue. The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.\nThe app popularized the zero-commission brokerage and introduced millions of millennials and Gen Zers to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.\nIn response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.\nAt Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108124164,"gmtCreate":1620006228058,"gmtModify":1704337231541,"author":{"id":"3581476554875043","authorId":"3581476554875043","name":"WilKoh","avatar":"https://static.tigerbbs.com/361eba2ae11ac6c3003fa8380c9f0705","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581476554875043","idStr":"3581476554875043"},"htmlText":"Pls help to like and comment. Thanks&nbsp;","listText":"Pls help to like and comment. Thanks&nbsp;","text":"Pls help to like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/108124164","repostId":1154634107,"repostType":4,"repost":{"id":"1154634107","pubTimestamp":1620005163,"share":"https://ttm.financial/m/news/1154634107?lang=&edition=fundamental","pubTime":"2021-05-03 09:26","market":"us","language":"en","title":"Robinhood’s Core Business More Than Tripled in First Quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=1154634107","media":"Bloomberg","summary":"‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been","content":"<ul>\n <li>‘Payment for order flow’ revenue reached $331 million in 1Q</li>\n <li>The business is commonplace but has been controversial</li>\n</ul>\n<p>Robinhood Market Inc.’s largest source of revenue -- payment for order flow -- more than tripled in the first quarter as the trading app became immensely popular with young investors amid the meme-stock frenzy.</p>\n<p>Revenue from “payment for order flow,” a system where market makers like Citadel Securities pay retail brokers including Robinhood for routing orders to them, reached about $331 million in the first quarter, up from $91 million a year ago, according to a securities filings last week cited by the Wall Street Journal.</p>\n<p>The Menlo Park, California-based brokerage last year took in about $687 million from such payments, according to data from regulatory filings compiled by Bloomberg Intelligence.</p>\n<p>Robinhood co-founder and chief executive officer Vlad Tenev had testified that the practice is the company’s largest source of revenue. The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.</p>\n<p>The app popularized the zero-commission brokerage and introduced&nbsp;millions of millennials and Gen Zers&nbsp;to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.</p>\n<p>In response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.</p>\n<p>At&nbsp;Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Core Business More Than Tripled in First Quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Core Business More Than Tripled in First Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154634107","content_text":"‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more than tripled in the first quarter as the trading app became immensely popular with young investors amid the meme-stock frenzy.\nRevenue from “payment for order flow,” a system where market makers like Citadel Securities pay retail brokers including Robinhood for routing orders to them, reached about $331 million in the first quarter, up from $91 million a year ago, according to a securities filings last week cited by the Wall Street Journal.\nThe Menlo Park, California-based brokerage last year took in about $687 million from such payments, according to data from regulatory filings compiled by Bloomberg Intelligence.\nRobinhood co-founder and chief executive officer Vlad Tenev had testified that the practice is the company’s largest source of revenue. The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.\nThe app popularized the zero-commission brokerage and introduced millions of millennials and Gen Zers to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.\nIn response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.\nAt Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4205154,"gmtCreate":1620008565926,"gmtModify":1680786713992,"authorId":3581476554875043,"author":{"id":3581476554875043,"idStr":"3581476554875043","authorId":3581476554875043,"name":"WilKoh","avatar":"https://static.tigerbbs.com/361eba2ae11ac6c3003fa8380c9f0705","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108124164,"type":1,"supId":4204634,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":4204634,"gmtCreate":1620006407662,"gmtModify":1680786705757,"authorId":3576446697631224,"author":{"id":3576446697631224,"idStr":"3576446697631224","authorId":3576446697631224,"name":"Charmzys","avatar":"https://static.tigerbbs.com/6072c8259a5eabb763628fe8a558629a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108124164,"type":1,"supId":0,"prevId":0,"content":"Commented","text":"Commented","html":"Commented"}],"langContent":"EN"},{"id":108122739,"gmtCreate":1620006158121,"gmtModify":1704337229421,"author":{"id":"3581671754017347","authorId":"3581671754017347","name":"thjiuan","avatar":"https://static.tigerbbs.com/50383f0751a2cfb1711a9bfaa07f954f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581671754017347","idStr":"3581671754017347"},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108122739","repostId":1154634107,"repostType":4,"repost":{"id":"1154634107","pubTimestamp":1620005163,"share":"https://ttm.financial/m/news/1154634107?lang=&edition=fundamental","pubTime":"2021-05-03 09:26","market":"us","language":"en","title":"Robinhood’s Core Business More Than Tripled in First Quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=1154634107","media":"Bloomberg","summary":"‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been","content":"<ul>\n <li>‘Payment for order flow’ revenue reached $331 million in 1Q</li>\n <li>The business is commonplace but has been controversial</li>\n</ul>\n<p>Robinhood Market Inc.’s largest source of revenue -- payment for order flow -- more than tripled in the first quarter as the trading app became immensely popular with young investors amid the meme-stock frenzy.</p>\n<p>Revenue from “payment for order flow,” a system where market makers like Citadel Securities pay retail brokers including Robinhood for routing orders to them, reached about $331 million in the first quarter, up from $91 million a year ago, according to a securities filings last week cited by the Wall Street Journal.</p>\n<p>The Menlo Park, California-based brokerage last year took in about $687 million from such payments, according to data from regulatory filings compiled by Bloomberg Intelligence.</p>\n<p>Robinhood co-founder and chief executive officer Vlad Tenev had testified that the practice is the company’s largest source of revenue. The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.</p>\n<p>The app popularized the zero-commission brokerage and introduced&nbsp;millions of millennials and Gen Zers&nbsp;to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.</p>\n<p>In response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.</p>\n<p>At&nbsp;Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Core Business More Than Tripled in First Quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Core Business More Than Tripled in First Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-02/robinhood-s-core-business-more-than-tripled-in-first-quarter?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154634107","content_text":"‘Payment for order flow’ revenue reached $331 million in 1Q\nThe business is commonplace but has been controversial\n\nRobinhood Market Inc.’s largest source of revenue -- payment for order flow -- more than tripled in the first quarter as the trading app became immensely popular with young investors amid the meme-stock frenzy.\nRevenue from “payment for order flow,” a system where market makers like Citadel Securities pay retail brokers including Robinhood for routing orders to them, reached about $331 million in the first quarter, up from $91 million a year ago, according to a securities filings last week cited by the Wall Street Journal.\nThe Menlo Park, California-based brokerage last year took in about $687 million from such payments, according to data from regulatory filings compiled by Bloomberg Intelligence.\nRobinhood co-founder and chief executive officer Vlad Tenev had testified that the practice is the company’s largest source of revenue. The arrangement is commonplace and disclosed in the brokerage industry, but has been controversial as it may give brokers an incentive to push their customers to trade more often.\nThe app popularized the zero-commission brokerage and introduced millions of millennials and Gen Zers to the market. Critics including U.S. lawmakers and a state securities regulator have said Robinhood makes investing real moneyfeeltoo much like a game.\nIn response to critics, Robinhood has said its platform doesn’t encourage excessive trading and fills a crucial role in financial markets by helping a young and diverse group of traders to invest.\nAt Berkshire Hathaway’s annual meeting Saturday, Warren Buffett weighed in on the Robinhood phenomenon, saying the app has become a big part of the “casino aspect” of the stock market recently. He also said he looks forward to reading the S-1 filing of Robinhood, which has filed confidentially for an initial public offering.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":41,"commentSize":14,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1154634107"}