## IPO time - 2021!

[Robinhood's Challenge](https://diff.substack.com/p/robinhoods-challenge?token=eyJ1c2VyX2lkIjoxMjA3OTgxNywicG9zdF9pZCI6Mzg0MzUyNzIsIl8iOiJFdmFMdCIsImlhdCI6MTYyNTU5MTg4NiwiZXhwIjoxNjI1NTk1NDg2LCJpc3MiOiJwdWItMTk0MzAiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.qVt2ZusrRWHIHS7VD2RQxaT1sp8bNnMyO3sR0KcEDoI)

- https://www.sec.gov/Archives/edgar/data/0001783879/000162828021013318/robinhoods-1.htm


## Robinhood

[How Robinhood Makes Money](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/4977/How%2BRobinhood%2BMakes%2BMoney%2B-%2BCB%2BInsights%2BResearch.pdf)
[CAC 25usd - analysis of the product](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/4958/Untitled%2B32.pdf)

[We analyze Robinhood's funding, business model, customer acquisition strategy, market size, and competition](https://www.cbinsights.com/research/robinhood-business-model/)

[How Robinhood’s referral program brought 1 million users before launch](https://viral-loops.com/blog/robinhood-referral-got-1-million-users/)

[Designed to distract: Stock app Robinhood nudges users to take risks](https://www.nbcnews.com/tech/tech-news/confetti-push-notifications-stock-app-robinhood-nudges-investors-toward-risk-n1053071)
[Как онлайн-брокер Robinhood делает биржевые инвестиции доступными для всех](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/4829/robin%2Bin%2Bved.pdf)

## Matt Levine

[Robinhood Ends Its Popularity Contest](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/4725/robinhood%2Bpopularity.pdf)

[Some People Made Money on Negative Oil Prices](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/4724/matt%2Blevine.pdf)



## [Interactive Brokers to launch IBKR Lite. New service will provide commission-free](https://www.businesswire.com/news/home/20190926005753/en/Interactive-Brokers-Launch-IBKR-Lite) 

unlimited trades on US exchange-listed stocks and ETFs - plus no account minimums or inactivity fees and free market

## revenue breakdown

![v](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/5421/robinhood%2Brevenue.jpg 'v')