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It’s more surprising when everyone lets them try a second, third, or fourth time
by village-idiot 8y ago
It’s more surprising when everyone lets them try a second, third, or fourth time
- dvtrn 8y agoHas Robinhood here slipped up multiple times like this? I'm asking as someone who's only heard of the product, never tried it, doesn't look remarkably interesting to me/doesn't fill a financial need I have, never gave it much thought aside from this latest fuss.
- dmoy 8y agoFew times a year they have problems where people can't log in and execute trades for hours or so. Earlier this week (last week?), they shut down all options trading. Not the sort of stability I'm looking for in a brokerage. But I'm also a very boring/lazy investor.
- rchaud 8y agoNot to my knowledge, this is a pretty big screwup, at least reputationally. Robinhood's entire spiel is about how the big banks are bloated and sell you products you don't need (all of which can definitely be true). But I have never once doubted my bank's ability to comply with financial regulations and keep my cash safe.
- village-idiot 8y agoRobinhood specifically? No. But it’s not exactly hard to find cases where corporations make the same mistake repeatedly to no change and no consequence. Facebook’s habit of “accidentally” changing everyone’s privacy settings comes to mind