It's not even that it rounds to 1 star, it's actually 1.0 stars (according to the aria-label on the HTML). The difference between a 1.4 and 1.0 is huge in terms of what percent of reviews are actually favorable.
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
#172One 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.
But the aftermath of elite HedgeFunds shorting companies that employ us peasants sure as hell does.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#173One 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.
I was thinking more about being able to trade online, not GME specifically.
TBH 'protocols not platforms' has become kind of a slogan lately, but history doesn't make it look too promising. Email is a protocol, but it has largely been dominated by Google.
A really compelling product can capture a protocol.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#174One 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…
Every time I mention this on Hacker News, I get downvoted by the neoliberal fascists that want to suppress the speech they feel comfortable with silencing. Free speech is only free if we allow all of it. Americans have thick skin. It's in our culture. We've accomplished so much in spite of internal disagreement and oppression: voting rights, women's rights, gay marriage (which still isn't enshrined in the constitutio…
> I get downvoted by the neoliberal fascists
You might get fewer downvotes if you followed the HN rules, particularly "be nice". Also, in polite conversation, preemptively calling your fellow conversation partners fascists is a good way to get off on the wrong foot.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#175Serious 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?
There’s no law whatsoever that says a brokerage has to trade all stocks.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#176Still too high
Re: Robinhood now has a 1-Star rating on the Google Play Store
#177Just 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?
It turns out that Robinhood accounts are margin by default, which is not really standard practice. I couldn't prove that this behavior (closing held positions without consent) was intended with that design, but it does feel pretty gnarly.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#178Earlier quoted context omitted.
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?
> 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…
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Re: Robinhood now has a 1-Star rating on the Google Play Store
#179Earlier quoted context omitted.
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 mor…
> RobinHood refused “buy” order that were completely inline with the margin requirements, and that caused the share price to dive.
This is just a conspiracy theory. It doesn't even make sense. If GME was objectively such a good bet, you really think that those institutional investors out there were simply ignoring it? That Robinhood's users alone were the sole reason for the speculative spike in this stock?
This is a SCAM. Robinhood users were the VICTIMS. And I won't speak to their motives, and am no real fan, but the truth is Robinhood saved you people a ton of money by refusing those trades.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#180Earlier quoted context omitted.
Thousands (millions?) Of people lost money / opportunity because of the app. Then those people rate what they think of the app - that ir cannot be trusted to act in their interest. Why should Google protect them against consequences of their own decisions?
Do you expect that making money on the bubble should be quick and painless?
I expect that a broker won't arbitrarily make certain stocks "sell only" and cancel buy orders that have already been submitted.