4 ms·

I wonder what the thinking behind the name is. It seems like a bad idea to entrust your money to a startup that is named for someone who's famous for "stealing

I wonder what the thinking behind the name is. It seems like a bad idea to entrust your money to a startup that is named for someone who's famous for "stealing from the rich".

rublev 9y ago
If you have any branding ideas for "stealing from the poor" that will get those poor to use it, I'm all ears.
- RosanaAnaDana 9y ago
  Cash4Gold?
- crankylinuxuser 9y ago
  I think something that rhymes with "Bells Largo" would be a good place to start! Or if you're going for the sweet investor moneydrop, go for something like "Sharing Economy". That says "We steal from the poor and give to the rich" like no other!
- arethuza 9y ago
  Lotteries? [I remember the UK National Lottery being described as a "tax on stupidity"]
- kbutler 9y ago
  Payday Lending http://www.pewtrusts.org/en/research-and-analysis/fact-sheets/2016/01/payday-loan-facts-and-the-cfpbs-impact http://www.pewtrusts.org/en/research-and-analysis/fact-sheet... "annual percentage rates averaging 391 percent." (That's not a typo) "Average borrowers earn about $30,000 per year" "Most borrowers pay more in fees than they originally received in credit " "each year, spending $9 billion on loan fees. "
jlamberts 9y ago
I think the idea for the original product (I.e. non cypto) is that it's target the "little guy" with no commission on trades. So people feel like they're taking from the rich institutional investors.
tannerwj 9y ago
Because Robin Hood gave back the money the rich stole from the poor. It is just a way to level the playing field
xanderstrike 9y ago
E*Trade and other online brokers are the "rich," with their silly fees and ridiculous limits on when you can take your money out. Robinhood, by not having fees, takes the stock market from the rich and opens it up to everyone else. IMO it's a great name.
bluntfang 9y ago
who cares, it's working. you're talking about it. look at all this free marketing.

I wonder what the thinking behind the name is. It seems like a bad idea to entrust your money to a startup that is named for someone who's famous for "stealing from the rich".

rublev 9y ago

If you have any branding ideas for "stealing from the poor" that will get those poor to use it, I'm all ears.

RosanaAnaDana 9y ago
Cash4Gold?
crankylinuxuser 9y ago
I think something that rhymes with "Bells Largo" would be a good place to start! Or if you're going for the sweet investor moneydrop, go for something like "Sharing Economy". That says "We steal from the poor and give to the rich" like no other!
arethuza 9y ago
Lotteries? [I remember the UK National Lottery being described as a "tax on stupidity"]
kbutler 9y ago
Payday Lending http://www.pewtrusts.org/en/research-and-analysis/fact-sheets/2016/01/payday-loan-facts-and-the-cfpbs-impact http://www.pewtrusts.org/en/research-and-analysis/fact-sheet... "annual percentage rates averaging 391 percent." (That's not a typo) "Average borrowers earn about $30,000 per year" "Most borrowers pay more in fees than they originally received in credit " "each year, spending $9 billion on loan fees. "

jlamberts 9y ago

I think the idea for the original product (I.e. non cypto) is that it's target the "little guy" with no commission on trades. So people feel like they're taking from the rich institutional investors.

tannerwj 9y ago

Because Robin Hood gave back the money the rich stole from the poor. It is just a way to level the playing field

xanderstrike 9y ago

E*Trade and other online brokers are the "rich," with their silly fees and ridiculous limits on when you can take your money out. Robinhood, by not having fees, takes the stock market from the rich and opens it up to everyone else. IMO it's a great name.

bluntfang 9y ago

who cares, it's working. you're talking about it. look at all this free marketing.