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I'd be wary of Robinhood. Not only has its primary attractor (zero-fee trading) been replicated by all the big brokerages, it has also shown itself time and aga
by Qub3d 6y ago
I'd be wary of Robinhood. Not only has its primary attractor (zero-fee trading) been replicated by all the big brokerages, it has also shown itself time and again to be really fast and loose in areas of finance that both hurt people and attract strong government oversight:
* https://news.ycombinator.com/item?id=23523246
* https://news.ycombinator.com/item?id=18699995
Between stepping on toes and having the market for investors eaten away by bigger players, I would guess at either a slow decline or an acquisition is in RH's future.
- quickthrower2 6y agoAbsolutely I’m just using RH as the lead example like MySpace or FriendsReunited was for social networks. I can see a lot of sports punters moving to become financial market gamblers, using platforms like this.