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December 18, 2013 07:00 pm GMT
Why pay E*Trade or Scottrade $7 to trade a stock when you could do it for free? That premise helped mobile investment app startup Robinhood raise the $3 million seed round led by Index Ventures it announced today. With zero-commission trading it will launch next month, Robinhood is out to prove that young people do care about trading stocks -- it's just been too expensive for them to invest small sums.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mehRRaZNZoc/
Robinhood App Will Offer Zero-Commission Stock Trades Thanks To $3M Seed From Index And A16Z
Why pay E*Trade or Scottrade $7 to trade a stock when you could do it for free? That premise helped mobile investment app startup Robinhood raise the $3 million seed round led by Index Ventures it announced today. With zero-commission trading it will launch next month, Robinhood is out to prove that young people do care about trading stocks -- it's just been too expensive for them to invest small sums.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mehRRaZNZoc/
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