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I'll make a little prediction: the negative press Robinhood is receiving will be out-weighed by the fact that so many people are getting interested in stocks du

by tgb 6y ago

I'll make a little prediction: the negative press Robinhood is receiving will be out-weighed by the fact that so many people are getting interested in stocks due to this. I think they'll be better off despite this debacle in a month. (Though this doesn't include the possibility that they broke a regulation and lose a court case or that congress is spurned into action and regulates them out of business somehow.)

bob1029 6y ago
This is my take as well. Robinhood getting raked over the coals is a bi-annual tradition which has been practiced for several years now. It's not like they really had a choice or were fundamentally at fault for anything in this case. Contrast with prior incidents which were wholly related to bad engineering practices. Getting a margin call from the DTCC isn't an optional inconvenience. Perhaps Robinhood could have had more buffer available to deal with this scenario, and that may wind up being the regulatory outcome of all of this.
99_00 6y ago
Do they have any competition worth mentioning? If not, then I think you are right. I don't live in the US, but my countries Robinhood like trading app shot up to #1 in our app store.