Robinhood Robinhooded Robinhood
"Age of Miracles"
00:00
Robin Hood, Wall Street Bets and Entropy Theory
The market puts a price on how bad the trading on each platform is, and it pays robin hood more than any one else. Ben eifert put it succinctly: The profitability of order flow determines its pricing power. It feels wrong using slick and disingenuous marketing to obscure mislined incentives. But all the big tet companies do some version of this, as long as it operates within legal and regulatory bounds.
Transcript
Play full episode
