The Commission-Free Illusion

Commission-free was never free: how Robinhood gets paid by Citadel Securities and other market makers for your orders, why the "free" app makes most of its money when you trade more, what the SEC's $65 million settlement said about how it described that to customers, and why the GameStop halt in January 2021 showed who the real customer is. Walk through one $1,000 trade step by step, then show the real revenue split from the filings.