Discount broker Robinhood Markets Inc (NASDAQ:HOOD) has announced it will begin allowing users to earn income on the stocks they own by lending out their shares.
What Happened? In an effort to boost its slumping business, Robinhood has announced Stock Lending, a program through which users can earn passive recurring income from their shares of stock. All Robinhood users have to do is enable Stock Lending in their account, and they get paid when Robinhood tracks down interested borrowers.
