Who's going to buy Robinhood stock after an IPO?

There's no word yet on when the IPO would happen, but Robinhood has filed the confidential plan to go public later this year.
If buying stock on Robinhood is free, how does the company make its money?
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Is it legal to purposely bankrupt a hedge fund?

Jan 29, 2021
Hedge fund traders were quick to call foul when Redditors banded together to drive up the price of GameStop stock. But it was probably perfectly legal.
A coordinated effort from Redditors to buy GameStop stock threw the market into a tizzy this week.
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