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Google Deleted over 100k Negative Robinhood Reviews

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Re: Google Deleted over 100k Negative Robinhood Reviews

#21
post #8

This is worrying indeed because the negative reviews are clearly justified.

Are they though? Do we know all the facts? This is a heavily regulated market and Congress are going to get involved. Let's wait and see.

One thing to consider: if they've provided leveraged finance to buy this stock then they're exposed by this massive move too. They therefore have to manage risk, and so limiting further exposure does make sense. If these people can't pay their bills (if leveraged), I don't know who takes on that risk. It might be RH or this could be passed on to others. Either way someone needs to take that risk on. Some have asked why not just stop the leveraged finance, and I don't know the answer.

Another thing to consider: is it legal to allow manipulation of prices? The folk are trying to hold the price up. This is a tricky subject to consider. As a professional there are various rules on what is manipulation. Presumably a broker has some responsibility here.

All in all, who knows if this is clearly justified. Folk are equally able to go and place orders via other brokers. Whining that broker X can't trade Y doesn't hold water as an argument. If they don't trade X, find a different broker (this is entirely standard practice. Not every broker can trade every instrument). You're not required to execute there.

I'm afraid that folk are going to have a really bad wake up call. These markets are really complex and the warnings that your capital is at risk is a really big warning to be heeded. Don't invest what you can't afford to lose. I'm sorry that people are losing here. :(

Re: Google Deleted over 100k Negative Robinhood Reviews

#23
It is totally obvious that the Google Play Store has fake reviews on every single app. I am not talking about bots; I'm pretty sure Google does it themselves. I have found apps which do absolutely nothing correctly and there was not a single positive review in the comments. Still, the app had a 3.9 rating.

Re: Google Deleted over 100k Negative Robinhood Reviews

#25
post #8

This is worrying indeed because the negative reviews are clearly justified.

Exactly. As a small app maker I can't get a fake 1-start review removed but I guess the big guys can. Then again if I gave a shit about reviews my apps wouldn't be open source.

Re: Google Deleted over 100k Negative Robinhood Reviews

#26
I hate Google with passion, for the things they do, but this is what they did for every brigade-rating that I can remember. And it makes sense. It's not anyone reviewing the app, it's people mass 1-starring the app because they decided to do so as a hive-mind. It's essentially fake reviews and I wouldn't be surprised if it's automated.

Also, as far as I gather, people who wrote a human-like text review to go with their rating didn't get their review removed.

Re: Google Deleted over 100k Negative Robinhood Reviews

#27
post #23

It is totally obvious that the Google Play Store has fake reviews on every single app. I am not talking about bots; I'm pretty sure Google does it themselves. I have found apps which do absolutely nothing correctly and there was not a single positive review in the comments. Still, the app had a 3.9 rating.

I don't look at stars and app reviews anymore -it all feels completely useless and fake.

Re: Google Deleted over 100k Negative Robinhood Reviews

#28
post #21
post #8

This is worrying indeed because the negative reviews are clearly justified.

Are they though? Do we know all the facts? This is a heavily regulated market and Congress are going to get involved. Let's wait and see. One thing to consider: if they've provided leveraged finance to buy this stock then they're exposed by this massive move too. They therefore have to manage risk, and so limiting further exposure does make sense. If these people can't pay their bills (if leveraged), I don't know who…

I downloaded this app to buy shares as advertised

App didn’t allow me to buy shares

Delete app, 1* rating, false advertising

Re: Google Deleted over 100k Negative Robinhood Reviews

#29

I'm not sure how I feel about this to be honest. I appreciate they were following their guidelines and wouldn't like anyone to troll an app like this but I don't think google should have removed bad reviews. Unless court ordered maybe, based on FCC findings of market manipulation or something like that. Robinhood sells their client's data to financial institutions. These institutions then can use that to skim off Rob…

There's a real danger here that there are high level summaries upon summaries from those who don't really understand the details of the markets. Every broker will have various liquidity pools and those pools will be pinged to execute your order. The order has to get best execution (there are legal requirements on it).

Without knowing the internal details of RH all of this is speculation. I think that what folk are saying is that Citadel pay for the information on order flow (they don't provide any liquidity?). it sounds like that pays RH bills who have to pay execution and exchange fees. If that's true then isn't the choice to pay the information cost to Citadel or pay some fees to another broker?

I suspect that your casino analogy would be more accurate if the gambler was borrowing money from another casino (i.e. leverage or buying options) and they said 'You've hit your limits in borrowing' or the main casino you're in said 'We don't take bets higher than X'.

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