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Public.com — Buy any stock with any amount of money. Commission-free.
Public makes the stock market social. Follow other investors, discover companies to believe in, invest with any amount of money — commission-free. Invest dollar amounts in your favorite companies no matter the share price. [Disclosures]
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@dswiese good question:
1. Public is the first platform to facilitate real-time fractional shares trading. Stash and other platforms that are not brokerages -- they are registered investment advisors -- and they execute orders in batches once per week or per day. Therefore its not a trading product, and you don't know the price your getting.
2. Public is not a single-player experience like most or all of other investing platforms. We've built a social layer across the app that lets people share and discuss investments.
Hope that clarifies a bit! Please feel free to message our support staff (support@public.com) or visit our website public.com for more info :)
The team is here today to answer any questions. Very excited to finally have this out of the door.
Hi @nilsej! That's a great question. Currently we only offer the app to U.S. citizens, along with those residing here in the U.S. holding a Visa and Green Card. That being said, we hope to expand Public to our friendly neighbors up north in Canada! Please feel free to DM us with your contact information and we'll make sure to reach out if we have any information an/or exciting developments down the road. Thanks again for reaching out! Cheers :)
Congratulations for the launch!
What's the deployment roadmap for other countries?
Nobody's talking about the 2.5% interest on unapplied cash?! WHAT?! That + any dollar amount investment make this a RobinHood killer for the novice investor. *SLOW CLAPS*
Good product. Which countries do you support? I’m myself living in Azerbaijan. I would love to use this product If it is supported here.
@rufatmammadli Unfortunately we can only onboard U.S. customers right now, sorry! Hopefully we're able to support more countries in the future 🤞
Main difference / added value comparing with Robin Hood app? It looks like you share at least one (bad) thing: not available in Spain 😢
@bernardamus On Robinhood you have to buy a full share, which means you can't fully control how much to invest in a company, and also means you have to spend $6,000 just to own the 15 biggest companies on the S&P500. I also addressed a couple of other differentiating factors in the above in response to @ashwin_mahajan and @rrhoover :)
In terms of Spain/Europe: I get it. As a European myself now living in the U.S., I'd love love love to expand our service to Europe, but its tricky from a regulatory perspective and takes a lot of time. Never say never though ;)
Thanks for hunting @sethlouey! Super excited to get this finally out into the world. We’ve been working on it for quite some time and are launching our new “Slices” feature together with our new brand Public.com today.
Public is a new kind of stock brokerage that makes it possible to buy any stock with any amount of money. And it's commission-free.
The stock market is one of the biggest drivers of prosperity in history. But the truth is, what’s supposed to be the public markets are the markets for the few. Wealth creation has been locked up behind private banks, expensive financial products and $1,000 stocks.
Public lets you buy any stock for any amount of money. No matter the stock price. Amazon might have reached $2,000 a share when you read this, but on Public you can invest as little as $5 into Amazon. We enable everyone to be an owner of their favorite companies, no matter the size of their checkbook. Additionally the app lets investors connect with each other via a public feed to share ideas and insights.
We’ll be here to answer any questions and looking forward to seeing you all on Public soon as well!
What’s T3 current net worth? Will you deposit the products (shares, etc…) bought by your prospective customers only on T3?
@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.
Hi, I currently live in Germany and wanted to check the product. Looks clean and great. Can you please share the testflight link to try out?
Hustle X