>Channeling my inner Antonin Scalia here. The Cambridge English dictionary defines a customer as "a person who buys goods or a service." There is a perfectly reasonable argument that Robinhood users are not customers at all, let alone Robinhood's primary customers.
I'm not following this. Are robinhood customers not buying stocks from them? Are stocks not "goods or a service"?
>It's not difficult to understand that PFOF entails selling user orders to brokers under common control with enormous asset managers that hoard advertising data and make market-moving trades.
You seem to be beating around the bush here. What nefarious activity are you suggesting they're doing? Front running? Because that's explicitly illegal.
>I see a trend here. People who disagree with you are ignorant or lying.
>[...] but it's hard to see this as anything but pandering to one side of an ideological conflict.
> Are robinhood customers not buying stocks from them? Are stocks not "goods or a service"?
When PFOF is involved, Robinhood users do not buy stocks from Robinhood. They buy them from the Robinhood customer who buys order flow.
> What nefarious activity are you suggesting they're doing?
I pointed out a troubling conflict of interest and a potential ability to act on that conflict in a legally ambiguous manner. For what it's worth, one of Robinhood's customers was recently sanctioned for old-timey tradeahead front running.
> I hope you see the irony here.
I don't see the irony. Can you explain it to me? I was trying to be opinionated, but intellectually honest. Did I fail?
I'm not following this. Are robinhood customers not buying stocks from them? Are stocks not "goods or a service"?
>It's not difficult to understand that PFOF entails selling user orders to brokers under common control with enormous asset managers that hoard advertising data and make market-moving trades.
You seem to be beating around the bush here. What nefarious activity are you suggesting they're doing? Front running? Because that's explicitly illegal.
>I see a trend here. People who disagree with you are ignorant or lying.
>[...] but it's hard to see this as anything but pandering to one side of an ideological conflict.
I hope you see the irony here.