Robinhood now has a 1-Star rating on the Google Play Store • Hacker News Board

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

#521

Post by ck2 » Fri, Jan 29, 2021, 2:18 AM UTC

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…

I'm still wondering when we are going to get neighborhood-wide and then chained mesh wifi networks that bypass ISPs

I know that exists in pieces and small projects but it's not like more than a few dozen people in any town even can fathom what that is or why it's a good idea.

Google and Apple would never do this but imagine if every smartphone came not only with built in mesh-wifi ability but was on by default so it all acted as a repeater, you could probably communicate across entire states and countries given enough seconds like store-and-forward and ham radio-like solutions.

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

#522

Post by woobar » Fri, Jan 29, 2021, 2:27 AM UTC

silexia wrote: post #432

bagacrap wrote: post #418

Earlier quoted context omitted.

um, buying stocks is not a scheme to manipulate the price. However disabling purchases of a stock for millions of users does artificially suppress demand. Also robinhood doesn't allow selling naked options so that entire point of yours is moot.

Interactive Brokers does allow naked selling of options, and also shut down trading probably for similar reasons. Robinhood could lose money in any number of ways if a stock gaps and some of it's customers go bankrupt. If you buy or sell stocks with the intent to manipulate the price (either through a pump and dump scheme, or a short squeeze scheme) that is illegal. It doesn't matter whether the action is only buying…

Are you saying that Rubinhood shut down trading to prevent "stock gap" and avoid potential losses? Isn't it also illegal stock price manipulation?

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

#523

Post by KyleBerezin » Fri, Jan 29, 2021, 2:42 AM UTC

mijoharas wrote: post #510

voodootrucker wrote: post #505

I just went there and it was 3.5 https://ibb.co/9pxhD4V

I see it as 4* right now. Could it be to do with region? (I'm looking at it from the uk.)

I also do 4 and I am on the US. Perhaps Google is deleting/ignoring reviews.

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

#524

Post by SixDouble5321 » Fri, Jan 29, 2021, 4:19 AM UTC

xxpor wrote: post #8

I'm surprised the app stores (well, at least the play store) don't have hysteresis built in to prevent mobbing the ratings, just in general.

Considering the rating is back to normal, I'd say it was protected.

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

#525

Post by nv-vn » Fri, Jan 29, 2021, 4:56 AM UTC

temp wrote: post #413

nv-vn wrote: post #369

Earlier quoted context omitted.

That connection is like 3 degrees of separation at best, though. Robinhood sells order flow to a number of market makers, one of which is Citadel Securities [1]. Citadel Securities is part of the Citadel group, which consists of a hedge fund (Citadel LLC) and a market making firm (Citadel Securities LLC) [2]. While both companies are owned by Ken Griffin and share many resources, they are split by a "Chinese Wall" [3…

> Yet Melvin Capital has already closed its position in GME [5], which means that they no longer have a vested interest in the performance of GME. Melvin Capital also said a day earlier that they do not give out comments on their positions and trading. https://www.reuters.com/article/us-melvin-fund-evotec-de-idU... Since the claim that they closed their position in itself would potentially influence the market to the…

Either way, it would be illegal to say that they closed their position for the sake of influencing the market. The SEC really doesn't play around with that type of thing in such a high profile case

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

#526

Post by jb775 » Fri, Jan 29, 2021, 5:16 AM UTC

unethical_ban wrote: post #352

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.

Holy shit, I can't believe people are comparing RH to Twitter, retail investment and corrupt hedge funds to people inciting violence against election results. FWIW, this is an app in a supposedly regulated sector, making the call to affect stock prices and cut retail investors out of the market and causing a stock to tank.

I'm not comparing RH to Twitter, I'm comparing a private business' decision to a private business' decision, per your logic on the Twitter situation (banning any loud right-wing person). Time will tell if RH actually did anything illegal. If they didn't, then your previous Twitter logic should hold....i.e. "they're a private business and they can do whatever they want"....right?

I think what's ACTUALLY going on (whether your cognitive dissonance will allow you to perceive this comment or not), is that since this doesn't cut across political lines, you want to treat the situation differently.

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

#527

Post by QuesnayJr » Fri, Jan 29, 2021, 7:02 AM UTC

freeone3000 wrote: post #385

QuesnayJr wrote: post #333

Earlier quoted context omitted.

I think they can go elsewhere. If Citadel can't beat national best offer, they are supposed to go with the national best offer. https://en.wikipedia.org/wiki/National_best_bid_and_offer

They don't do this. See https://nypost.com/2020/12/17/sec-slaps-robinhood-app-with-6... .

But they can. That's why they got into legal trouble with the SEC. See page 4 on the actual SEC document on the case, the section called "Best Execution": https://www.sec.gov/litigation/admin/2020/33-10906.pdf

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

#528

Post by MauranKilom » Fri, Jan 29, 2021, 7:55 AM UTC

misiti3780 wrote: post #515

MauranKilom wrote: post #513

Earlier quoted context omitted.

What would that proof look like? Even if it was 100% what happened, I wouldn't hold my breath to see actual proof.

Proof to me is more than Justin Kan tweeting out he heard that Citadel and Robinhood are working together ...

I fully agree that the tweet is not proof. I fear that nothing will come forward in any case. My point is: It could be true and we'd never see proof. That doesn't mean we should assume it to be true. Neither does lack of proof imply that it has to be untrue. In other words, we will probably never know for sure. But absence of evidence is not evidence of absence.

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

#529

Post by worik » Fri, Jan 29, 2021, 8:38 AM UTC

slg wrote: post #472

ashtonkem wrote: post #457

Earlier quoted context omitted.

Anarchists as a political group usually don't like it when anarchy is compared to chaos, as this is usually a comparison that was formed by their ideological opponents.

I still don't understand this point. I am not describing chaos. I am describing the specific drawbacks of a lack of centralized authority overseeing things. Isn't that the dictionary definition of anarchy. What am I missing?

Fair.

Not the definition of Anarchy I would use but I was understanding you had used anarchy == chaos

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

#530

Post by chrisco255 » Fri, Jan 29, 2021, 10:15 AM UTC

kenjackson wrote: post #479

monkeywork wrote: post #404

Earlier quoted context omitted.

link to sources please - like the source video, the source evidence on the failure rates, etc. also explain why no court, no intelligence agency (local or international), and the vast majority of the US Senate (consisting of both major political parties) disagrees with your assessment. Also if the presidential votes are invalid than I guess we need to assume all the other items on the ballet (house, senate, bills, et…

Its amazing how all the power structure in the US was on the right (the Presidency, Senate, Supreme Court, Federal Courts, Appellate Courts), but somehow the left was able to perform one of the most coordinated acts of voter fraud in history. And not only that, performed the same fraud in the polls leading up to the election too. If the left is this good at such a grand conspiracy, then they really should run the cou…

Yes, well that's exactly what happens in socialist countries like Venezuela. It's not some theoretical formula for maintaining power that has never been tried before. Rigging and corruption is the rule not the exception, in human history.

We don't have the federal courts, not in the least. It's just fraud. The FBI would rather investigate Twitter shitposters than touch this. They'd rather get jobs at CNN as consultants to pitch their own actual conspiracy theory about Trump being a Russian stooge for three years despite having had exculpatory evidence the entire time. I don't know how Americans are so naive when it comes to the depravity of our system.