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I would not be shocked. We need to consider who would use Robinhood to begin with and how likely are they to know be exposed to the whole GME saga. Personally
by mirceal 4y ago
I would not be shocked.
We need to consider who would use Robinhood to begin with and how likely are they to know be exposed to the whole GME saga.
Personally I stopped using it. Had it for trying out new things / prototyping crazy ideas (yeah yeah disposable income and first world problems I now). From that point on I am using only a legit broker. When I want to trade I want to be able to trade. If you as a broker cannot do that - even under weird conditions - I will NOT use you.
Also, at a meta level, the problem is that RH massaged the truth and didn’t straight up explain what was going on. If they did the right thing in keeping everyone in the loop this could have been a golden opportunity to consolidate their position.