Robinhood was paid over $330 million for order flow

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Robinhood had a tumultuous first quarter that led to its CEO testifying before Congress, but it is becoming clear it was also an enormously lucrative period for the company.

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A federal securities filing shows that Robinhood was paid $331 million by market-makers that execute stock and options orders for the broker’s clients in the first quarter, when the GameStop frenzy grabbed hold of the market. That is up from $91 million in the first quarter of 2020.

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