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The new risk that's I'm seeing exposed here is populist outrage can tank your business even if you've done nothing wrong, but operate in a space that isn't intu
by TameAntelope 6y ago
The new risk that's I'm seeing exposed here is populist outrage can tank your business even if you've done nothing wrong, but operate in a space that isn't intuitive or won't allow you to act intuitively.
Finance is complicated, and often unintuitive and yes, the rules here tend to favor the large movers (at least larger than retail investors). How do you operate a business for retail investors in an environment where the rules will force you to screw over your retail customers (one could argue the "real" customers are the consumers of the retail investor's trade information but let's set that aside for a second) once in awhile?
- whatshisface 6y agoYou explain the rules to them as clearly as possible when they join, and put in alarm bells to sound when your margin account is getting low. Robinhood could have had a ticker on their homepage showing how close they were to being forced to stop trading, for example.
- deleted 6y ago[deleted]
- alexpetralia 6y agoYes, Dominion Voting Systems got hit by this as well.
- 435243543543 6y agoDo you remember the hatred and conspiracy theories directed at Diebold during the Bush years? Why does Dominion suddenly deserve a pass?
- 435243543543 6y agoHN likes voting machine companies now?
- enumjorge 6y agoI thought a large part of Robinhood’s appeal was that it made trading more accessible to retail investors. I think the risk here is more running a business where the rules force you to screw the very audience you’re trying to target.