5 ms·

Oh please. Robinhood's business model is not designed for this kind of thing. They are not required to tank their own business to allow malcontents to feel be

Oh please. Robinhood's business model is not designed for this kind of thing. They are not required to tank their own business to allow malcontents to feel better about themselves.

TheHypnotist 6y ago
How does allowing trades tank their business? That is their business.
- metalliqaz 6y ago
  Thousands of new accounts buying one stock for free (while it's at the top) and then disappearing after it tanks is not going to help them. Is this not obvious?
  - alex_c 6y ago
    Then block new accounts for a day or two until this blows over, not specific stocks. Why would anyone use a trading platform that now has a history of picking and choosing what trades you are allowed to make?
  - TheHypnotist 6y ago
    Yeah i'm sure they hate the traffic and the increased user base. Get real.
  - koolba 6y ago
    That shouldn’t change anything if they require the stocks to be purchased with cash and not margin. Brokerages can, and do all the time, set specific margin requirements for volatile securities. There’s no reason they can’t do that here as well. (unless they literally can’t because their tech stack doesn’t support it which would be pretty funny)
  - deleted 6y ago
    [deleted]
  - zwily 6y ago
    Robinhood doesn’t let you choose your free stock, they give you one randomly.
- deleted 6y ago
  [deleted]
ericmay 6y ago
I always thought the app was good - but my view of the role of the broker is to place my trades. If the SEC wants to shut down trading of a security they should do so. This will be very disruptive to Robinhood. I think today they made a poor business decision that will affect their valuation and potentially the company itself. I don't do much trading on Robinhood, mostly for learning or experimenting with small amounts of money but this move has left a sour taste. I'll be closing my account, while recognizing that other brokerages are doing the same (though not all). edit Retail investors are locked out, $GME is still going up. What's the fucking excuse now?
deleted 6y ago
[deleted]
vincentmarle 6y ago
> Oh please. Robinhood's business model is not designed for this kind of thing. They are not required to tank their own business to allow malcontents to feel better about themselves. Well, they're gonna lose millions of customers over this I predict. How is that not killing their business?

Oh please. Robinhood's business model is not designed for this kind of thing. They are not required to tank their own business to allow malcontents to feel better about themselves.

TheHypnotist 6y ago

How does allowing trades tank their business? That is their business.

metalliqaz 6y ago
Thousands of new accounts buying one stock for free (while it's at the top) and then disappearing after it tanks is not going to help them. Is this not obvious?
- alex_c 6y ago
  Then block new accounts for a day or two until this blows over, not specific stocks. Why would anyone use a trading platform that now has a history of picking and choosing what trades you are allowed to make?
- TheHypnotist 6y ago
  Yeah i'm sure they hate the traffic and the increased user base. Get real.
- koolba 6y ago
  That shouldn’t change anything if they require the stocks to be purchased with cash and not margin. Brokerages can, and do all the time, set specific margin requirements for volatile securities. There’s no reason they can’t do that here as well. (unless they literally can’t because their tech stack doesn’t support it which would be pretty funny)
- deleted 6y ago
  [deleted]
- zwily 6y ago
  Robinhood doesn’t let you choose your free stock, they give you one randomly.
deleted 6y ago
[deleted]

ericmay 6y ago

I always thought the app was good - but my view of the role of the broker is to place my trades. If the SEC wants to shut down trading of a security they should do so. This will be very disruptive to Robinhood. I think today they made a poor business decision that will affect their valuation and potentially the company itself. I don't do much trading on Robinhood, mostly for learning or experimenting with small amounts of money but this move has left a sour taste. I'll be closing my account, while recognizing that other brokerages are doing the same (though not all). edit Retail investors are locked out, $GME is still going up. What's the fucking excuse now?

deleted 6y ago

[deleted]

vincentmarle 6y ago

> Oh please. Robinhood's business model is not designed for this kind of thing. They are not required to tank their own business to allow malcontents to feel better about themselves. Well, they're gonna lose millions of customers over this I predict. How is that not killing their business?