Apple is blocking ratings of Robinhood on AppStore. Coincidence much ?
"Its a big club and you ain't in it" - George Carlin
Robinhood now has a 1-Star rating on the Google Play Store
141–150 of 547 posts
Re: Robinhood now has a 1-Star rating on the Google Play Store
#142Earlier quoted context omitted.
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.
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?
Robinhood was always owned by the same Wall Street fat cats its users hate. They even sell the data on what retail investors are buying in real time to allow industry investors to take advantage of it.
If anything it’s amazing that it took this long for anyone to notice.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#143Earlier 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.
What Robinhood is doing now is unethical and illegal. By limiting to users to only selling these stocks Robinhood is manipulating the market.
Citadel is a major source of funding for Robinhood. Citadel owns Melvin Capital Management. Melvin Capital Management is on the hook for billions in losses for their GameStop shorts.
How can it be more clear than this? People should be warned away Robinhood after this. Robinhood & Citadel should both be sued for manipulation of securities.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#144EDIT: 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...
I get that people are pissed, but this is exactly the same thing that the Qanon idiots were doing - going along with the wildest theories and calling anyone who questioned them complicit. By doing so, they destroyed their entire movement and the cause they were fighting for.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#145Alpaca sent me a notice this morning that they are also restricting trades. It's network behavior like this that is troubling.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#146There should be zero stars available for scamsters. Seriously this should be an option. Why should anyone give one star to a scamming firm Robbing Hood which has colluded with their backer Citadel. They have derogatory term for Retail Investors - Dumb Money. Now the 'Dumb Money' has figured out the the hedge funds'rigged game.
> Now the 'Dumb Money' has figured out the the hedge funds'rigged game.
After everyone threw a ton of money into the market the hedge funds control. “Dumb money” doesn’t feel like an inappropriate nickname.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#147If everyone in the U.S. would buy only one share of GME, that would probably be enough to screw a few billionaires.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#148Just 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?
The sells were appropriate if bought on margin (once the share price took a dive). The thing is, RobinHood refused “buy” order that were completely inline with the margin requirements, and that caused the share price to dive.
Seems to be a coordinated move among all retail browsers (including IB according to people on this discussion - despite publicly claiming they are just hiking margins).
Basically, as of this morning, retail clients could only sell, whereas institutional clients could buy and sell as they wish.
Doesn’t sound remotely ok. In fact, sounds completely entirely not ok, and likely illegal (but I am not a lawyer)
Re: Robinhood now has a 1-Star rating on the Google Play Store
#149Earlier quoted context omitted.
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
A rating is not a thing that an app deserves. It's a datapoint published by an app store to help its users make decisions about which apps to use.
The one thing does not exclude the other.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#150One of the good things I see coming out of Robinhood blocking trading, Twitter and Reddit booting problematic users, Parler getting vaporized, etc. is a sudden realization amongst people of just how easily major parts of their lives can be instantly turned off by intermediaries. My hope is that this will drive a reformist movement around digital rights (speech, commerce, etc.) As well as a movement from platforms to…
I definitely support the notion of moving from platforms to protocols, at least in theory. I do think you're going to run into the need to regulate wherever communication starts impinging on not-purely-informational constructs, like securities.
I really hope that gambling on GME is not a "major part" of a significant number of people's lives.