> literally every single bank would already be doing it.
Your typical bank has far more than RobinHood's 300 employees, and far greater expenses in general.
This is an example of a disruption.
Your typical bank has far more than RobinHood's 300 employees, and far greater expenses in general.
This is an example of a disruption.
This comment just reinforces my feeling that Robinhood's business model is to extract money from credulous customers who think they are too cool for regular banks.
For example Chase has over 10 banks within blocks of each other in downtown Chicago.
Hundreds of thousands, actually.
Wells Fargo had 262,700 employees in 2017. Bank of America, Chase, Citi - all had over 200,000 employees that same year.
These numbers have only gone up since then.