Millennials are piling into Tesla following the announcement of its $35k Model 3
businessinsider.com
businessinsider.com
- write a pseudo news article about Tesla doing a change to their business strategy
- say how “millennials” are being bold and brave by buying Tesla stock even though other people are selling
- providing a convenient way for you too to buy Tesla shares using a cool app called Robin Hood
It stinks of manipulation.
Afaik robin hoods business model is to sell the trade data from its users to day traders who can manipulate the stock price by releasing articles like this.
They sell access to their book to market makers, if that's what you mean.
They benefit from the extra liquidity, and Robin Hood customers benefit from better than market rates.
Plus trades are publicly available data. And it isn't clear how having that data would be beneficial to manipulating the stock price.
Edit: Here's a decent write up of how it works https://medium.com/automation-generation/commission-free-tra...
They make money by selling order routing access.
You can do this now in a Tesla but it doesn’t look like you can do it in a Tesla. And looks matter.
I love the idea of subverting it by making a straight up better product in every way except price (and you can market around the price issue, "What you're too poor to afford a real truck? phh").