3 ms·

Yeah as uncomfortable as it is to say, you have to put some blame on the 20yo with no income who decided to play with financial instruments beyond his knowledge

by bllguo 6y ago

Yeah as uncomfortable as it is to say, you have to put some blame on the 20yo with no income who decided to play with financial instruments beyond his knowledge.. There's a broader tension here with the _perils_ of democratization and freedom that I think is a common thread shooting through many of the issues the Western world is grappling with in the information age I'm personally of the belief that Robinhood absolutely deserves fault for allowing normal Joes to trade options at all, but many would argue allowing people that capability is a net good

twostorytower 6y ago
That's totally fair. Robinhood definitely needs to put better rails and better UX to protect against these cases. But I think there's a lot more to the situation though. It's really horrible that his first instinct was to jump to suicide, rather than talk to somebody. His parents. Robinhood support. Any additional step could to led to him understanding that his position was not as bad as he thought it was. I just wish he felt he could have talked to somebody instead of feeling like there was no way out. The whole thing breaks my heart.