Robinhood now has a 1-Star rating on the Google Play Store

I wonder what percentage of Robinhood users hold GME - if it's more than 25% I'd say they're finished. If we assume 25% of users hold GME and 80% of GME holders will not return after this fiasco that's extremely significant IMO.

Not to say that they'll cease to exist, but I doubt they'll remain the "#1 trading platform."

Re: Robinhood now has a 1-Star rating on the Google Play Store

#6

Post by sschueller » Thu, Jan 28, 2021, 7:36 PM UTC

Sort by newest ratings to see why.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#7

Post by sneak » Thu, Jan 28, 2021, 7:36 PM UTC

Can someone who knows more about such things than I explain to me why their weird response to the situation (halting buying, but still permitting selling) was deemed by them to be the best of their options (the other two obvious ones being to temporarily stop dealing in those securities entirely (halting buying and selling), or to continue letting people trade them as they had the previous day)?

It's confusing to me. I'd think if they were being risk-averse or something they'd have stopped dealing in them entirely until the craziness passed. The "you can only sell, not buy" part seems... odd to me.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#8

Post by xxpor » Thu, Jan 28, 2021, 7:37 PM UTC

I'm surprised the app stores (well, at least the play store) don't have hysteresis built in to prevent mobbing the ratings, just in general.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#9

Post by MPSimmons » Thu, Jan 28, 2021, 7:37 PM UTC

ArtTimeInvestor wrote: post #3

Just as I was wondering how many retail investors might be involved: https://news.ycombinator.com/item?id=25947674 From the number of Playstore votes it seems quite a few? Will be interesting to see if it stays that way. Or if they can somehow cheat their way out of it and get all recent ratings deleted or something. Any guesses?

If they keep selling people's stocks without their consent, then yeah, I'm pretty sure it'll stay until RH can buy better reviews.

[edit]

though there are some reports that the stocks were bought on margin, which makes it more(?) okay, I guess?

Re: Robinhood now has a 1-Star rating on the Google Play Store

#10

Post by jzoch » Thu, Jan 28, 2021, 7:37 PM UTC

newfeatureok wrote: post #5

I wonder what percentage of Robinhood users hold GME - if it's more than 25% I'd say they're finished. If we assume 25% of users hold GME and 80% of GME holders will not return after this fiasco that's extremely significant IMO. Not to say that they'll cease to exist, but I doubt they'll remain the "#1 trading platform."

half of all americans invested in the market own some GME allegedly