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Well, what are people going to do about it? Look at Facebook and Google, they keep abusing their users, but without a good alternative, there’s very little to
by ta1234567890 6y ago
Well, what are people going to do about it?
Look at Facebook and Google, they keep abusing their users, but without a good alternative, there’s very little to do about it.
Edit: eloquently put by a sibling comment, the issue isn’t having an alternative today, but what would happen when those other alternatives are faced with the same conflict of interest as RH is facing, and the answer is that they would probably react the same way, here’s the link: https://news.ycombinator.com/item?id=25947300 https://news.ycombinator.com/item?id=25947300
- monadic3 6y agoUnlike Google (idk about facebook), there are literally dozens of competitors to robinhood, including mobile trading platforms.
- vira28 6y agoThread on alternatives to Robinhood. https://news.ycombinator.com/item?id=25946366 https://news.ycombinator.com/item?id=25946366
- hagy 6y agoThere numerous retail equity brokers that now offer free trades, mobile apps, and every other feature provided by RobinHood. Unlike Facebook, there is no network effect and unlike Google vs other search engines, different brokers are largely fungible.
- kaibee 6y agoThere's alternatives to Robinhood though. Robinhood doesn't have the same social network effect as Facebook.
- bingojess 6y agoThere are a lot of brokers though