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I like Robinhood and I have no problem with them having technical issues when users a flash mobbed a meme stock. In the end they learned what to do next time.
by trixie_ 4y ago
I like Robinhood and I have no problem with them having technical issues when users a flash mobbed a meme stock. In the end they learned what to do next time.
- aikinai 4y agoThey weren’t technical issues; they were financial, business, and policy issues. And many people people either lost or think they lost a lot of money because of it. Robinhood branded themselves as bringing power to the people but as soon as the people got the upper hand in a market, Robinhood turned around and screwed them. It’s a lot worse than a young startup struggling to keep up with explosive demand.
- trixie_ 4y agoI guess when you give power to the people that means flash mobbing meme stocks. Not something traditional institutions have had to deal with before. Traditional users as well who don’t see what happened as good behavior. Robinhood handled it as well as could be expected.
- theknocker 4y ago
- bosie 4y agoWhy do you not have a problem with them having technical issues (if they were technical) given that people lost money because of it?
- trixie_ 4y agoBecause it was atypical behavior that any institution would have the same problems with.