JP Morgan Outfoxes RobinHood with Free Trades
Business Wars Daily
Audible
4.6 • 717 Ratings
🗓️ 28 August 2018
⏱️ 5 minutes
🧾️ Download transcript
Summary
Today is Tuesday, August 28, and we’re looking at JP Morgan vs. RobinHood Financial.
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Transcript
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| 0:49.3 | Thank you. From Wondry, I'm David Brown, and this is Business Wars Daily. |
| 1:07.7 | It's Tuesday, August 28. |
| 1:10.3 | J.P. Morgan is trying to beat Robin Hood at its own game. |
| 1:14.0 | Haven't yet heard of Robin Hood, the free online stock trading app? Launched in 2015, it's aimed at |
| 1:19.5 | introducing younger consumers to investing. Typically, stockbrokers charge a transaction fee each |
| 1:25.5 | time a customer trades a stock. Robin Hood charges |
| 1:28.8 | nothing, effectively robbing those fees from the richer brokerages and giving them back to their |
| 1:34.7 | Nouveau investors. The app now has some 5 million investors, and up to half of them are first-timers. |
| 1:42.4 | Robin Hood has also done something rare. It's disrupted an old-line |
| 1:46.1 | iconic business and sparked that company to act more like a startup itself. This week, J.P. Morgan |
| 1:53.2 | is set to become the first big bank in the country to offer free online trading. The free service |
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