Still 4.8 on the App Store though
I believe App Store updates a day later, so we're likely not seeing the results of any mass rating bombs.
Robinhood now has a 1-Star rating on the Google Play Store
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Re: Robinhood now has a 1-Star rating on the Google Play Store
#12I 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."
Didn't they want to expand to Europe sometime soon? I guess that is up in the air now after the regulators see this.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#13Re: Robinhood now has a 1-Star rating on the Google Play Store
#14Can 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.…
In the simplest, likely potentially inaccurate explanation... Robinhood doesn't actually make the trades. They pay someone else to make the trades, add a small amount to the price, and that's how they get to 0$ trading price to the end user. The upstream party is refusing to do things, so Robinhood has no choice but to follow the rules that party set.
That's like, way over simplified but gets to the gist
[Edit cause spelling are hard]
Re: Robinhood now has a 1-Star rating on the Google Play Store
#15Just 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?
This has happened in India previously with TikTok. Google removed the reviews to improve rating but in this case I think Google won't take any action.
https://www.indiatoday.in/technology/news/story/google-remov...
Re: Robinhood now has a 1-Star rating on the Google Play Store
#16I 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
in an etf or fund, maybe
Re: Robinhood now has a 1-Star rating on the Google Play Store
#17Just 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?
My guess is that Google will get involved. It's not the first time a mob is trying to destroy the rating of an app. But their rating before all of this drama is not going to last; that's for sure.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#18I 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."
Can’t find the link but I think I read earlier today it was much higher than 25%.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#19Can 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.…
Halting buying and selling is even worst - it means that people are locked into owning GME even if it tanks to 0.
(someone please correct if wrong)
Edit: I know they haven't halted selling, this is directly in response to a part of the parent's comment
Re: Robinhood now has a 1-Star rating on the Google Play Store
#20Don't worry, google knows how to obscure these things. Just look at the voting on Biden's inaugural youtube videos. One day tens of thousands of down votes. Next day just a few thousand.
source: https://reclaimthenet.org/youtube-scrubs-thousands-of-dislik...