Breaking: Robinhood going down? Pulls hundreds of millions out of banks.

[itsyoung!!]

 

[Nymbus]

just started with them too

 

[itsyoung!!]

Money for lawyers? A pay out to keep users ?


they sweating hard right now

oh well, just like Melvin Capital

no one to blame but themselves

 

[Neo TheInsurrectionistONE]

what happens if they fold and we got money on there tho?

 

[basedlawd]

that's not good for the average person

rh pissed us off today but that app is key to what's happening right now. no commission trades doesn't happen without rh, letting anyone trade options doesn't happen without rh.

 

[Ciggavelli]

I interviewed with Robinhood in the past. I made it to the presentation stage. They said they weren’t moving forward, but wouldn’t say why, due to company policy. So, I’m gonna be bitter and enjoy all the heat coming to them and all the money they’re gonna lose

 

[Dr. Acula]

I interviewed with Robinhood in the past. I made it to the presentation stage. They said they weren’t moving forward, but wouldn’t say why, due to company policy. So, I’m gonna be bitter and enjoy all the heat coming to them and all the money they’re gonna lose

Depending on how this plays out, sounds like you possibly dodged a bullet.

 

[Captain Crunch]

what happens if they fold and we got money on there tho?

Robinhood Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash)

Insurance | Robinhood

 

[Neo TheInsurrectionistONE]

Insurance | Robinhood

just making sure.

 

[itsyoung!!]

that's not good for the average person

rh pissed us off today but that app is key to what's happening right now. no commission trades doesn't happen without rh, letting anyone trade options doesn't happen without rh.

they arent the first no commission trade app or the only one

wasnt Think or Swim first - and better at it (less delay) , Robinhood just had a better marketing

(someone correct me if im wrong)

 

[Mr Rager]

Preparing for that legal defense

They should just ask Citadel for some money

 

[basedlawd]

they arent the first no commission trade app or the only one

wasnt Think or Swim first - and better at it (less delay) , Robinhood just had a better marketing

(someone correct me if im wrong)

Robinhood was the first, their popularity forced everyone else to offer it.

There's competition now and frankly much better options but it's still the easiest entryway for the average person to get into trading. Every other app has a much higher learning curve, even WeBull and I don't think having fewer options is good for people long-term. I get why people feel the way they do but I won't applaud the idea of RH going defunct over this.

 

[Blessed Koala]

Thank the lord I took out my money before shyt gets fishy.

 

[Neo TheInsurrectionistONE]

We broke Robinhood



This is a movement, brehs. HOLD dammit

 

[jdubnyce]

Weren't they readying for ipo too?