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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

#151

Post by nostromo »

fireeyed wrote: post #22

There 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.

This is a pet peeve of mine about star ratings.

Visually, allowing 1 to 5 stars inflates the way ratings look, because the first star is always present, even for the worst products.

Imagine if it was pie chart or a bar chart: the lowest rating would look like 20%, not 0%.

Or imagine a product where 50% of people gave it the lowest rating (1 star) and the rest gave it the highest rating (5 stars). This would be presented as a 3/5 star item, which visually appears quite a bit better than its real rating (50%).

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

#152

Post by rStar »

Kranar wrote: post #86
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…

A margin call that liquidates a customer is not only perfectly reasonable but responsible on the part of the broker. I would never hold it against Robinhood to liquidate positions or have restrictions on buying/selling stocks where the broker could be at risk. The problem is that Robinhood is selling positions that are fully covered by their clients as well as prohibiting the buying of shares even when the purchase i…

@Kranar exactly. the actions of the gme swarm are reasonable given the positions and the patterns of actions we all recognize from short sellers. until now, short sellers have pretty much been playing a game of poker where no one ever called their bluff. Of course, the short sellers that lost out on this can just blame it on covid and get bailed out.

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

#153

Post by sebmellen »

alangibson wrote: post #80

One 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…

There was a relevant document posted earlier today at this link: https://news.ycombinator.com/item?id=25942632.

"Protocols, Not Platforms: A Technological Approach to Free Speech (2019)"

Article subtitle:

> Altering the internet's economic and digital infrastructure to promote free speech

I am somewhat skeptical of crypto, but I do hope that the DeFi ecosystem, 20 years in the future, will act as a democratizing force for financial markets.

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

#154

Post by afavour »

brink wrote: post #120
coliveira wrote: post #79

I think it is ridiculous that Robinhood took the matters in their own hands to halt trading on GME. If anyone had to do this was the SEC. It is just outrageous.

The Parler incident sent a message across the tech industry that this kind of behavior is acceptable. Whether you liked Parler or not, the lynching of Parler was ultimately a loss for everyone for the precedent that it set.

I’m honestly very confused why people keep trying to draw a parallel between Parler and Robinhood. Beyond “big companies can do whatever they want” there really isn’t much in the way of comparison. And big companies doing what they want is something we’ve known about since around the time big companies first started to exist.

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

#155

Post by tgsovlerkhgsel »

ckastner wrote: post #119
ketzo wrote: post #44

Earlier quoted context omitted.

Maybe an app committed a sudden, devastating action against all of its users. That would be worth warning potential downloaders about, no?

That (and the related sibling's comments) is a fair argument, but admittedly not what thought when I first pictured the term "mobbing". For anyone actually affected by Robinhood, I think leaving 1-star rating it is absolutely just. However, mobbing , to me, is when the random internet gets out its pitchforks and finds something to dogpile on, even though they might not have been affected personally.

> For anyone actually affected by Robinhood, I think leaving 1-star rating it is absolutely just.

Given the claims that (various high percentages above 50%) of RH users had one of these meme stocks, that should still drive the rating to 1-star.

Especially if you also count everyone as "affected" who bought through another broker and who saw those shares plummet once RH destroyed retail "investor" (read: gambler) demand.

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

#156

Post by ritchiea »

anm89 wrote: post #23

When retail in traders en masse decide that a trading platform is impinging upon their rights, the SEC should be obligated to open an investigation. Isn't this pretty much a major component of their intended purpose?

I've been reading WSB since yesterday and while I understand the outrage about blocking trading. They started blocking trading with $GME trading in the $400's, and a slew of redditors on WSB, Discord & Telegram pushing penny stocks. It started out a crusade against the hedge fund shorting $GME and quickly turned into rallying dumb money to pump and dump penny stocks. Looking at the direction things were going it seems like Robinhood acted responsibly in cutting off the buys of AMC, BB, NOK, etc. They're all stocks that have been propped up artificially in the last 48 hours based on the hype and attention generated by the Gamestop story.

No one serious thinks Gamestop stock is worth $400+. Robinhood cut off buying at the point when unsophisticated investors were caught up in a stampede to "stick it to the man." Seems like they did the right thing.

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

#158

Post by pgt »

boatsie wrote: post #116
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?

Google will moderate/filter out the reviews. And then maybe the mob will go after Google and we will really see if David can harm Goliath.

I believe David can. If there is one industry in which a challenger can overthrow the incumbent, it is software.

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

#159

Post by daenz »

alangibson wrote: post #80

One 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…

At the risk of sounding like an "I told you so" type of person, it is frustrating to speak out and see others speak out about future consequences of these kinds of actions, only to be drowned out by people liberally applying the slippery slope fallacy argument.

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

#160

Post by yters »

alangibson wrote: post #80

One 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…

Well, once the gov cracks down on ISPs game over. No way we can have a grassroots internet without the ISPs.
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