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> Why wouldn't they? Because there are better brokerages out there. > in the face of the partners they rely You mean their actual customers. There are broker

> Why wouldn't they? Because there are better brokerages out there. > in the face of the partners they rely You mean their actual customers. There are brokerages where the incentives are not perversed like this. > did the best they could by still allowing selling Assuming they acted in good faith to do their "best", their CEO was still incompetent failing to anticipate to liquidity issues > what happened on one specific day to one specific stock They halted buying on more than GME.

halamadrid 3y ago
You do know that besides Robinhood many of the other brokers also halted trading the same tickers? Robinhood was the face of the issue for sure, but a lot of others did the exact same thing.
- alephnan 3y ago
  Yes, I do. I said there are better brokerages, and that point still stands. Vanguard, for example, didn't. I never said that all other brokerages are better than Robinhood. In fact, there are worst. Just because other brokerages did the "exact same thing" doesn't excuse them or Robinhood.
  - halamadrid 3y ago
    I know its hard to believe, but the entire customer base (23.3M) of Robinhood is a testament to how good their product is in spite of the misgivings of the brokerage during the "GME". If it makes it feel better, their MAU is down 16% year-over-year to 10.3 million. I am also a user and I love it - and while I don't trade crypto, but they offer the lowest commission in crypto. And my uninvested cash gets a decent interest (5%), and my trades execute reasonably well. It maybe not for a professional trader, but my own experience has been fantastic for what it offers. Also incredibly thankful that there is no trading fees across many of the brokers now, which I believe was forced by Robinhood. I know of the PFOF controversy, and regardless I hold this view. I also know I can't change your view, but hope you have a great weekend ahead!
- preisschild 3y ago
  And a lot of others didn't do the same thing. Whats your point?
- nairboon 3y ago
  Most of those 'other brokers' that halted trading, were similar to Robinhood, as in not really a proper brokerage. No serious bank ever halted trading, why would they?
  - colechristensen 3y ago
    Etrade also did and it’s the retail trading arm of Morgan Stanley which is the sixth biggest bank in the country… I don’t know what your qualifications for a proper brokerage could be.
  - ffgjgf1 3y ago
    Because the Wallstreet bet types don’t really use them?
  - silisili 3y ago
    Fidelity has been down at least a dozen times this year, for hours at a time during trading hours. It's not exactly a halt, but effectively same boat.

halamadrid 3y ago

You do know that besides Robinhood many of the other brokers also halted trading the same tickers? Robinhood was the face of the issue for sure, but a lot of others did the exact same thing.

alephnan 3y ago
Yes, I do. I said there are better brokerages, and that point still stands. Vanguard, for example, didn't. I never said that all other brokerages are better than Robinhood. In fact, there are worst. Just because other brokerages did the "exact same thing" doesn't excuse them or Robinhood.
- halamadrid 3y ago
  I know its hard to believe, but the entire customer base (23.3M) of Robinhood is a testament to how good their product is in spite of the misgivings of the brokerage during the "GME". If it makes it feel better, their MAU is down 16% year-over-year to 10.3 million. I am also a user and I love it - and while I don't trade crypto, but they offer the lowest commission in crypto. And my uninvested cash gets a decent interest (5%), and my trades execute reasonably well. It maybe not for a professional trader, but my own experience has been fantastic for what it offers. Also incredibly thankful that there is no trading fees across many of the brokers now, which I believe was forced by Robinhood. I know of the PFOF controversy, and regardless I hold this view. I also know I can't change your view, but hope you have a great weekend ahead!
preisschild 3y ago
And a lot of others didn't do the same thing. Whats your point?
nairboon 3y ago
Most of those 'other brokers' that halted trading, were similar to Robinhood, as in not really a proper brokerage. No serious bank ever halted trading, why would they?
- colechristensen 3y ago
  Etrade also did and it’s the retail trading arm of Morgan Stanley which is the sixth biggest bank in the country… I don’t know what your qualifications for a proper brokerage could be.
- ffgjgf1 3y ago
  Because the Wallstreet bet types don’t really use them?
- silisili 3y ago
  Fidelity has been down at least a dozen times this year, for hours at a time during trading hours. It's not exactly a halt, but effectively same boat.