121–130 of 717 posts
We live in such morally bankrupt times. You can just say "you take responsibility" without actually taking responsibility at all. Our expectations have become so low and we've become so complacent that just the statement is enough. In similar vain, "we care about your mental health" as is the common internal email from HR. No actual care is offered though. Giving staff a day off is a tangible example of doing at leas…
> As CEO, I approved and took responsibility for our ambitious staffing trajectory—this is on me Reminder that Vlad Tenev received $800M in compensation in 2021. In the same year the company made terrible bets on crypto and banking, took an irreversible reputation hit among its core user base because of the GME fiasco, had multiple user data breaches, was subject to several investigations and was fined hundreds of mi…
> As CEO, I approved and took responsibility for our ambitious staffing trajectory—this is on me Reminder that Vlad Tenev received $800M in compensation in 2021. In the same year the company made terrible bets on crypto and banking, took an irreversible reputation hit among its core user base because of the GME fiasco, had multiple user data breaches, was subject to several investigations and was fined hundreds of mi…
There are talks of "late stage capitalism" all over the place - I think CEO compensation is one of the biggest hallmarks of it. Capitalism is supposed to naturally reward value creation to incentivize further value creation - somehow we've found ourselves in a situation where folks on the bottom of the pyramid aren't going to get incentivized for efficient labour no matter how much value they create - while folks at…
Robinhood is struggling for capital, so I wouldn't trust them with my cash investments whatsoever.
Not that anyone has trusted them for a while, but yeah.
Earlier quoted context omitted.
Sure, but also, none of my (investing) friends use Tastyworks, and almost all of them are using RH as their primary investing platform! Companies in hyper-growth stages may hire/fire differently than others.
> as their primary investing platform :%s/investing/speculation/g Very few people use RH as 'investing'. Those will be on boring brokers like Vanguard. I have a Tastyworks account too - the fills are way better than Robinhood's. As expected, since they charge some amount per trade. But that means that the "free" platform will definitely have more users, just because it's supposedly free (even though you pay for it in…
Can you provide a source for this? Citadel (one of the companies robinhood sells order flow to) claims in regulatory filings[1] that the overwhelming majority of orders are executed at market price or better, and that they on average save traders money.
[1] https://s3.amazonaws.com/citadel-wordpress-prd101/wp-content...
Somehow I feel that all these VC backed firms just add employees for the sake of adding employees. I use Tastyworks - another free online brokerage that it almost at feature parity with Robinhood. They have stocks, options, futures and even some selective crypto. They also make money using PFOF just like Robinhood. However on Linkedin, their employee count is less than 100 (99 to be precise) On the other hand, Robinh…
We live in such morally bankrupt times. You can just say "you take responsibility" without actually taking responsibility at all. Our expectations have become so low and we've become so complacent that just the statement is enough. In similar vain, "we care about your mental health" as is the common internal email from HR. No actual care is offered though. Giving staff a day off is a tangible example of doing at leas…
Limited work weeks (40 hrs). Monday thru Friday as business days. Paid vacations. Family and medical leave. Breaks. Paid holidays. Sick leave.
It’s a shame there’s been a massive push from corporations pushing anti-union propaganda. We have been complacent.
We need unions to make our voice heard. Both in the mega corps and local/state/federal governments.
> ”In his message Tuesday, Mr. Tenev said the new round of changes at the company are particularly concentrated in its operations, marketing and program management departments.” People here on HN often say how bad is to be an engineer in a non-tech company. It seems that it’s much worse to be a non-engineer in a tech company.
In general the non-engineers at tech companies get treated pretty well and I don't think they are more likely to get laid off than they are at other companies. They also generally get the same kind of RSUs/options/stock comp as anyone else at the company: those are not normally restricted to engineers, although engineers often get more compensation than others. Marketing, advertising and sales people are especially v…
Why not cut pay across the board? I know this is not the cultural norm, but I am curious how long this norm can persist. Without the ability to cut pay, layoffs are the only option for companies burning cash and losing altitude. That locks pay increases at the same inflated point that the bubble supported but which reality does not. To go one step further, is there a single advanced economy in which pay cuts, rather…
> As CEO, I approved and took responsibility for our ambitious staffing trajectory—this is on me Reminder that Vlad Tenev received $800M in compensation in 2021. In the same year the company made terrible bets on crypto and banking, took an irreversible reputation hit among its core user base because of the GME fiasco, had multiple user data breaches, was subject to several investigations and was fined hundreds of mi…
I realize it's not something that happens, but I would say "taking responsibility" would mean taking, oh, I dunno, $50M of that $800M in compensation in 2021, and distributing it to those laid off? (How the hell is your life different with $750M instead of $800M anyway?)
How as an investor or shareholder can you not look at this as downright robbery?