JAY-Z Joins Nas and Snoop as an Investor in Free Trading App Robinhood

tkmc

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its good to see moves like this...

JAY-Z is the third rapper to become an investor of free trading app Robinhood through Roc Nation Arrive, which has invested in two other high growth tech startups. The two other apps are Devialet, a French audio technology, and InSite Applications, a location sharing app that will launch later this year.

Arrive's president, Neil Sirni, commented on the decision to invest in Robinhood in a statement that read, "We believe in Baiju [Bhatt] and Vlad [Tenev]’s mission to make the financial markets more accessible and cost efficient for customers of all size. Robinhood will have our support as they execute the long-term vision of their company."
 

Edub

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Sounds like a great venture.....better not end up fleecing the people tho:manny:
 

Jerz-2

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Robinhood makes investing easy as hell. They are even adding crypto in the mix starting this year.
That' my thing...they're going to need a highly-effective training mechanism to show people exactly how to do this and to explain what certain things mean. Not ere'body has the same aptitude....
 

tkmc

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Robin Hood is commission free. People should just buy SPY etf. That invests in the sp 500 index.
 

Kyle C. Barker

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does robinhood make money off the spread or something?

edit: nvm I'll look into it.


They get around charging people fees per trade by operating like a bank (ie they loan your money out). I haven't used them yet but I have some coworkers that do.


This is actually a really good app/tech business to invest in and I had no idea nas and snoop were in on it.
 

mson

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Robinhood makes investing easy as hell. They are even adding crypto in the mix starting this year.

Seems like a good look imo

Sadly I got optionhouse (now ETrade) before Robinhood came out. But I've been thinking about transferring.

Robinhood makes investing easy as hell. They are even adding crypto in the mix starting this year.

Seems like a good look imo

It is. Crazy because Nas is also invested in coinbase. Robinhood is going to become a direct competitor.

They actually make money through the unspent money in your account. The interest.

And Robinhood gold that offers margin and extended hours trading.
 
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