6 ms·

My guess is that Google will get involved. It's not the first time a mob is trying to destroy the rating of an app. But their rating before all of this drama is

My guess is that Google will get involved. It's not the first time a mob is trying to destroy the rating of an app. But their rating before all of this drama is not going to last; that's for sure.

slenk 6y ago
But the app is broken. They are not allowing you to buy shares. Why should an app that decides you can't buy certain shares, and they auto-sells some shares you own, be rated highly?
- tinyhouse 6y ago
  Because many people on social media encourage other people to give the app 1-point rating. That's something Google need to protect against. The poor rating should happen organically. But regardless, they are fucked.
  - imperio59 6y ago
    It doesn't get more organic than word of mouth.
  - ClumsyPilot 6y ago
    Thousands (millions?) Of people lost money / opportunity because of the app. Then those people rate what they think of the app - that ir cannot be trusted to act in their interest. Why should Google protect them against consequences of their own decisions?
    - justapassenger 6y ago
      Do you expect that making money on the bubble should be quick and painless?
      - jwitthuhn 6y ago
        I expect that a broker won't arbitrarily make certain stocks "sell only" and cancel buy orders that have already been submitted.
      - craftinator 6y ago
        Do you expect a trip down the highway will be free of highway robbery? It's called "highway robbery" for a reason... If you don't like it, stay off the highway!
    - rrsmtz 6y ago
      Excellent point. This vote-mob isn't due to some extraneous BS like some other ones, it's a response to an unexpected and customer-hostile service restriction. I don't see how anyone could trust Robinhood with their money in the future.
  - Red_Leaves_Flyy 6y ago
    So because -company- does illegal thing and people respond by using whatever means they have Google should silence the masses of disaffected users just because some people changed their rating? That is some grade a: "It is difficult to get a man to understand something when his salary depends upon his not understanding it." -Upton Sinclair
    - yuliyp 6y ago
      A rating is not a thing that an app deserves. It's a datapoint published by an app store to help its users make decisions about which apps to use.
      - recursive 6y ago
        The one thing does not exclude the other.
        afiori 6y ago
        it similar to how hacker news penalizes submission that rally for upvotes (specifically I remember a discussion about how posting links of your submission to twitter can penalize it)
        yuliyp 6y ago
        Google doesn't care whether Robinhood succeeds or not. It cares whether people trust the Play Store ratings (and more broadly, trust the Play Store itself). They'll do what's needed to achieve their goals, not Robinhood.
      - ttt0 6y ago
        As a user, I'd like to make sure that a trading app won't deny me the opportunity to actually make decent money.
  - austincheney 6y ago
    While vote flooding via some confined social circle is a form of trolling I don’t think this case fits that criteria. This news isn’t limited to a subreddit. This news is everywhere, suggesting any vote flood is more likely natural and organic than not.
  - bigtunacan 6y ago
    What Robinhood is doing now is unethical and illegal. By limiting to users to only selling these stocks Robinhood is manipulating the market. Citadel is a major source of funding for Robinhood. Citadel owns Melvin Capital Management. Melvin Capital Management is on the hook for billions in losses for their GameStop shorts. How can it be more clear than this? People should be warned away Robinhood after this. Robinhood & Citadel should both be sued for manipulation of securities.
- afavour 6y ago
  Robinhood was always owned by the same Wall Street fat cats its users hate. They even sell the data on what retail investors are buying in real time to allow industry investors to take advantage of it. If anything it’s amazing that it took this long for anyone to notice.
vkou 6y ago
A stock trading app that encourages you to trade options, and then randomly(?) closes your positions should not only have a 1 star review, it should not be allowed to operate. Actually, given that RH is currently only allowing people to sell their positions, and not buy into them, the only correct step is for the app stores to only allow RH to be uninstalled, and to block any new installations. All for the financial well-being of their users, of course.
Miner49er 6y ago
It's honest reviews though? I had a 5 star rating on the app and loved it. After what they've done today, I am switching brokers, and changed my review to 1 star. I would honestly no longer recommend Robinhood to anyone.
guerrilla 6y ago
By mob you mean the users who are justifiably upset the app is not working as expected by not allowing them to buy and forcing sales without user permission.
josephorjoe 6y ago
It would seem Google should remove the app from the store since it does not do what it claims to do. An app claiming to be a stock trading app that doesn't allow trades for a NASDAQ listed stock isn't really a stock trading app.

My guess is that Google will get involved. It's not the first time a mob is trying to destroy the rating of an app. But their rating before all of this drama is not going to last; that's for sure.

slenk 6y ago

But the app is broken. They are not allowing you to buy shares. Why should an app that decides you can't buy certain shares, and they auto-sells some shares you own, be rated highly?

tinyhouse 6y ago
Because many people on social media encourage other people to give the app 1-point rating. That's something Google need to protect against. The poor rating should happen organically. But regardless, they are fucked.
- imperio59 6y ago
  It doesn't get more organic than word of mouth.
- ClumsyPilot 6y ago
  Thousands (millions?) Of people lost money / opportunity because of the app. Then those people rate what they think of the app - that ir cannot be trusted to act in their interest. Why should Google protect them against consequences of their own decisions?
  - justapassenger 6y ago
    Do you expect that making money on the bubble should be quick and painless?
    - jwitthuhn 6y ago
      I expect that a broker won't arbitrarily make certain stocks "sell only" and cancel buy orders that have already been submitted.
    - craftinator 6y ago
      Do you expect a trip down the highway will be free of highway robbery? It's called "highway robbery" for a reason... If you don't like it, stay off the highway!
  - rrsmtz 6y ago
    Excellent point. This vote-mob isn't due to some extraneous BS like some other ones, it's a response to an unexpected and customer-hostile service restriction. I don't see how anyone could trust Robinhood with their money in the future.
- Red_Leaves_Flyy 6y ago
  So because -company- does illegal thing and people respond by using whatever means they have Google should silence the masses of disaffected users just because some people changed their rating? That is some grade a: "It is difficult to get a man to understand something when his salary depends upon his not understanding it." -Upton Sinclair
  - yuliyp 6y ago
    A rating is not a thing that an app deserves. It's a datapoint published by an app store to help its users make decisions about which apps to use.
    - recursive 6y ago
      The one thing does not exclude the other.
      - afiori 6y ago
        it similar to how hacker news penalizes submission that rally for upvotes (specifically I remember a discussion about how posting links of your submission to twitter can penalize it)
      - yuliyp 6y ago
        Google doesn't care whether Robinhood succeeds or not. It cares whether people trust the Play Store ratings (and more broadly, trust the Play Store itself). They'll do what's needed to achieve their goals, not Robinhood.
    - ttt0 6y ago
      As a user, I'd like to make sure that a trading app won't deny me the opportunity to actually make decent money.
- austincheney 6y ago
  While vote flooding via some confined social circle is a form of trolling I don’t think this case fits that criteria. This news isn’t limited to a subreddit. This news is everywhere, suggesting any vote flood is more likely natural and organic than not.
- bigtunacan 6y ago
  What Robinhood is doing now is unethical and illegal. By limiting to users to only selling these stocks Robinhood is manipulating the market. Citadel is a major source of funding for Robinhood. Citadel owns Melvin Capital Management. Melvin Capital Management is on the hook for billions in losses for their GameStop shorts. How can it be more clear than this? People should be warned away Robinhood after this. Robinhood & Citadel should both be sued for manipulation of securities.
afavour 6y ago
Robinhood was always owned by the same Wall Street fat cats its users hate. They even sell the data on what retail investors are buying in real time to allow industry investors to take advantage of it. If anything it’s amazing that it took this long for anyone to notice.

vkou 6y ago

A stock trading app that encourages you to trade options, and then randomly(?) closes your positions should not only have a 1 star review, it should not be allowed to operate. Actually, given that RH is currently only allowing people to sell their positions, and not buy into them, the only correct step is for the app stores to only allow RH to be uninstalled, and to block any new installations. All for the financial well-being of their users, of course.

Miner49er 6y ago

It's honest reviews though? I had a 5 star rating on the app and loved it. After what they've done today, I am switching brokers, and changed my review to 1 star. I would honestly no longer recommend Robinhood to anyone.

guerrilla 6y ago

By mob you mean the users who are justifiably upset the app is not working as expected by not allowing them to buy and forcing sales without user permission.

josephorjoe 6y ago

It would seem Google should remove the app from the store since it does not do what it claims to do. An app claiming to be a stock trading app that doesn't allow trades for a NASDAQ listed stock isn't really a stock trading app.