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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

#91

Post by adrr »

MPSimmons wrote: post #9
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?

Margin accounts have capital requirements. If you’re over leveraged, they will liquidate your positions to ensure you have capital. This is standard. If people didn’t know about this, they have no business with a margin account.

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

#92

Post by Red_Leaves_Flyy »

tinyhouse wrote: post #47
slenk wrote: post #29

Earlier quoted context omitted.

But the app is broken. They are not allowing you to buy shares. Why should an app that decides you can't buy certain shares, and they auto-sells some shares you own, be rated highly?

Because many people on social media encourage other people to give the app 1-point rating. That's something Google need to protect against. The poor rating should happen organically. But regardless, they are fucked.

So because -company- does illegal thing and people respond by using whatever means they have Google should silence the masses of disaffected users just because some people changed their rating? That is some grade a:

"It is difficult to get a man to understand something when his salary depends upon his not understanding it." -Upton Sinclair

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

#93

Post by dheera »

EDIT: I was wrong, this was removed because it was a repost. However I wish the mods would say why it was removed.

Justin Kan posted a tweet about this. I also tried to screenshot and post it to r/wallstreetbets but it got deleted by mods. The mods of r/wallstreetbets themselves are complicit in this.

https://www.reddit.com/r/Wallstreetbetsnew/comments/l75z6o/m...

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

#94

Post by whateveracct »

reducesuffering wrote: post #81
Miner49er wrote: post #26

Earlier quoted context omitted.

According to Motherboard it's more than half. https://twitter.com/motherboard/status/1354798244455395328 EDIT: This is untrue, please refer to jaywalk's reply.

I can say with 99% certainty that they aren't just counting invidual $GME holders, but every one of Robinhood users that holds an ETF (like total US Market) that contains $GME... So this is really such a bad faith statement from Motherboard, because all of the ETF holders (probably 90% of the "half") can still sell their ETF's and thus their indirect $GME shares...

nothing like being disingenuous to ride the hype train

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

#95

Post by [deleted] »

freeone3000 wrote: post #68
fennecfoxen wrote: post #52

Earlier quoted context omitted.

> though there are some reports that the stocks were bought on margin, which makes it more(?) okay, I guess? https://cdn.robinhood.com/assets/robinhood/legal/RHS%20Custo... 4. Liquidation. In the event of the death of the Customer, or in the event the margin in any account in which the Customer has an interest shall in either Robinhood’s or the Introducing Broker’s discretion become unsatisfactory to either Robinhood…

That's referring to margin specifically, not a held position. There's a difference between margin trading and holding the stock in your name.

[deleted]

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

#96

Post by _jal »

rcruzeiro wrote: post #36
linksen wrote: post #20

Don'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...

Source?

The source is their need to belong to a group that treats asserting a belief in this horse shit an in-group shibboleth.

Much like religious groups that use exposure to non-believers as ways to discourage defection, ridicule from outsiders helps keep them in the fold.

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

#97

Post by alangibson »

ethbr0 wrote: post #53
alangibson wrote: post #39

Earlier quoted context omitted.

The SEC has led the charge of government agencies away from anything that could reasonably be called regulation. Take note of how often the term 'oversight' is used vs 'regulation' when these guys are talking.

Last I checked, the SEC doesn't pay very well compared to financial law / trading...

There are lots of skilled but civic minded people in all the three letter agencies. The problem isn't people, it's ideology. Namely market fetishism and the assumption that if you're rich you just know better.

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

#99

Post by Layke1123 »

jb775 wrote: post #50

Serious question: Since RobinHood is a private company, does the "if you don't like it, you can build your own platform" argument apply here? Or does that only apply selectively when it benefits partisan politics? This is the natural evolution when censorship as we've recently seen is given a pass.

I believe this is different because the SEC is involved, and if the SEC involved decides to rule that a broker cannot limit what stocks can be bought or sold because that would break the legal definition of what a brokerage is.

Does anyone know the law well enough to know if this is indeed a violation of any statutes?

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

#100

Post by Mtinie »

a_t48 wrote: post #19
sneak wrote: post #7

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.…

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

Buying was halted. Held shares can still be sold, if you so chose.

That’s what I’m seeing in RH when I look at the small amount of Blackberry (BB) shared I own.

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