@e_reder Thanks Eva! Good question. Since we built a highly automated brokerage operation, we don't need to charge commission to run a sustainable business -- we can rely on other sources of revenue like share lending and order flow payments. Pretty much all U.S. brokerages receive income from these activities, but most have to charge commission on top of that in order to cover the high costs of running a business with a lot of manual processes. Obviously, keeping commissions at $0 has been key to our business model from the outset, since investing $10 in you favorite company doesn't make sense if you're paying $10 in commission fees. 😊 As we roll out more features in the future, we may introduce a premium version for a small subscription fee. However, we raised money from some great investors earlier this year (including Accel and Greycroft, early VCs in co's like Venmo and Facebook) so that we don't have to focus on those features just yet.

@e_reder @malling really cool model , would love to see a post about it analyzing metrics, etc

@ashwin_mahajan great questions. I'm also curious about #4.

@ashwin_mahajan Hey Ashwin, great questions! I'll dive right in: 1. & 2. Transfers up to $4,000 are made instantly available (as a credit). Any amount above that, 3-5 business days. 3. Not yet, but stay tuned on this! One of the things the ability to buy any amount of a stock enables is seamless dividend re-investing, which is a great way to invest, and something we're super excited about that! 4. We set out to build a truly customer-centric investing experience. This means that there's a number of things we're doing very differently from other stock brokerages: (a) Instead of having customers' investments being dictated by something as relatively meaningless as the price per share of a company, we let customers invest any amount they want into any company. (The price per share does not exist for the benefit of the customer, but for the benefit of the publicly traded company. For most customers, it's actually just a confusing piece of friction.) (b) Instead of exploring the stock market by way of traditional "sectors" – typically lists of stocks divided by industries like "IT" or "Automotive" -- we've organized the stock market into what we call "Themes." These are smaller lists of companies that make it easier to invest in where you believe the world is going, like companies investing in self-driving cars technology; female-led companies; clean & green; as well as companies in new-age industries like catering to vegetarians; cannabis or gaming and e-sports. (c) Investing can be scary, especially if you're on your own. So instead of making another solo-player experience, we've designed a social layer on top of the entire community which allows people to see each other's investments; share your trades with others; and discuss beliefs & ideas. 5. Yes we offer a generous $20/$20 account referral that is about to be replaced by a new program in the next month or so :)

@ashwin_mahajan @rrhoover also, to point no. 4 I could add: (d) Super-fast, in-app chat support. This may seem trivial, but it's something we've gotten a lot of love for. In a highly regulated environment, it's not as easy to make it work on the backend, even if you're "just" using Intercom :)

@malling : 👍Thanks for clarifying my doubts one more your way 6) Is it any different w.r.t to selling a fraction share in terms of fees/restriction etc.?

@ashwin_mahajan Nope, no fees or restrictions on fractional. No delay or end of day settlement either - everything is instant & real-time :)

@eugen_popa Hey Eugen! Currently Public is only available in the US but never say never :)

@eugen_popa I believe they are only in the US market at the moment? Unless I am misunderstanding.

@eugen_popa @mastemine Correct Logan, only US at the moment

@leifthunder can you share your tech stack? thanks!

@juannikin thanks so much! Public is a registered broker dealer, member of Finra and SEC. Needless to say, our team on brokerage side has many years of financial and regulatory experience in their pocket which has allowed our product team to focus on what they do best and build a great product 😊

@mckennedy registered : 1) The sign up process doesn't support external password managers like 1Password. IMHO a must for a financial product. Typing in a 12-digit complex password is a chose and there's no confirmation that I got it right 2) Share links seem to still point to matador app which I assume is the previous branding of your app, but it doesn't add confidence that a share link is not up to date with the new breanding

@altryne Thanks Alex! You're totally right. 1) We are just working on exactly that, update coming soon. As well as 2-factor authentication. 2) Same here, will be changed very soon Happy to keep you posted on both :)

@cbm Thanks CBM!

@zreitano Thanks Z