You're all free to rate it on iOS too...
https://apps.apple.com/us/app/robinhood-investing-for-all/id...
Robinhood now has a 1-Star rating on the Google Play Store
261–270 of 547 posts
Re: Robinhood now has a 1-Star rating on the Google Play Store
#262Earlier quoted context omitted.
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.
But there's a law against manipulating stocks.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#263Earlier quoted context omitted.
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.
That's just it though, Robin hood didn't delist gamestop. They just decided arbitrarily that their users are only allowed to sell it. Coincidentally, this is a move that highly benefits a major partner of theirs.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#264Is there actual proof they colluded with Citadel, or is that just speculation? I'm very confused?
Re: Robinhood now has a 1-Star rating on the Google Play Store
#265When 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 seem…
"This is Wall-street Dr. Burry, if you offer us free money, we're going to take it"
Absolute nonsense. The exchange is protecting the trader from himself!!
The exchange is designed to make money selling and buying. There is no reason they would stop either unless some big wig made a phone call.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#266Gamestop is not supported on Robinhood. I get a message -- " This Stock is not supported on Robinhood"
Oh it's "supported" if you try to sell it. They only stop you from buying.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#267One 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’m less into the free speech component. I think companies should have the right to curate a community they see fit.
What I do care about is moving to protocols and data portability. I want the ability to switch to another provider if I’m not happy with their decisions. I absolutely don’t like my data being held hostage.
I also hope this realization extends to things like GMail which hasn’t yet seen a similar scrutiny
Re: Robinhood now has a 1-Star rating on the Google Play Store
#268Earlier quoted context omitted.
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.
1. Robinhood accounts are all margin by default. Most novice investors don't know the difference. They should, but I would wager Robinhood doesn't spend a lot of time educating people about this. 2. Long positions (buying and holding stock) aren't leveraged. There is no capital risk to holding a stock. If the sales of GME are entirely based on other positions being underwater, then sure, but it seems at least some of…
I thought RH only allowed margin if you paid the monthly fee? Or, are you talking about margin for purposes of settling so you can trade again before a sale is fully settled?
Re: Robinhood now has a 1-Star rating on the Google Play Store
#269Gamestop is not supported on Robinhood. I get a message -- " This Stock is not supported on Robinhood"
> This stock is not supported on Robinhood. This is a jabberwocky sentence. It is syntactically correct but there is nothing in the real world to which it could be referring. Brokers do not "support" stocks.
This is suggesting a technical support, not a rah-rah support.
Re: Robinhood now has a 1-Star rating on the Google Play Store
#270Earlier quoted context omitted.
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.
since when "free speech" means to be nice?!
what a tool :)