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The problem here is fundamentally Robinhood is in an industry where screwing up has huge consequences for their customers. If Apple has a supply chain issue an
by ogre_codes 6y ago
The problem here is fundamentally Robinhood is in an industry where screwing up has huge consequences for their customers.
If Apple has a supply chain issue and my phone is 10 days late, I might be irritated but the most it will cost me is a few days frustration.
If Robinhood fails to execute a trade for me, it can and has potentially cost a user tens of thousands of dollars.
What happens when the share price starts to give way and Robinhood fails to execute trades as the share-price is dropping rapidly?
If I owned shares in GME (or AMC etc) on Robinhood, I'd be getting out now because they've done nothing to suggest they are capable of serving users when things get sketchy.
I don't own GME, and will never put money in RH at this point.