Robinhood Checking Moved Fast and Broke

Re:Robinhood Checking Moved Fast and Broke by poof_he_is_gone on Monday December 17, 2018 @11:50AM (#18700089)

Did anyone get an account opened or make a deposit before this got shut down?

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Re:Robinhood Checking Moved Fast and Broke by hannasanarion on Monday December 17, 2018 @12:06PM (#18700221)

The service was marketed to be available in January, they were collecting email addresses to queue up for the pilot.

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Re:Robinhood Checking Moved Fast and Broke by jmcgough on Monday December 17, 2018 @11:50AM (#18700091)

It was announced, not available.

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Re:Robinhood Checking Moved Fast and Broke by ada1981 on Monday December 17, 2018 @12:09PM (#18700246)

Yeah I mean this feels like it amounted to some marketing and a viral sign up page.

I have no reason to believe there was any tech built yet.

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Re:Robinhood Checking Moved Fast and Broke by minimaxir on Monday December 17, 2018 @12:15PM (#18700298)

Even assuming that they moved-fast-and-broke-things on the legal side, the development lifecycle of something as important as replacing conventional banking takes months, if not more.

Robinhood likely lost a good amount of development opportunity cost with the cancellation.

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Re:Robinhood Checking Moved Fast and Broke by dvtrn on Monday December 17, 2018 @12:27PM (#18700403)

Even assuming that they moved-fast-and-broke-things on the legal side

Doesn't moving fast and breaking things on-as you say-"the legal side" in essence mean breaking the law, or did you mean something else and I've misunderstood?

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Re:Robinhood Checking Moved Fast and Broke by minimaxir on Monday December 17, 2018 @12:48PM (#18700583)

Legal as relating-to-the-law, not legal as against-the-law.

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Re:Robinhood Checking Moved Fast and Broke by dvtrn on Monday December 17, 2018 @01:52PM (#18701084)

Right, that much I grok, but when you say "move fast and broke things", in the context of "relating-to-the-law" what are you hypothesizing was 'broke'?

I think it's a matter of phrasing perhaps, that has me a bit confused of what your post is suggesting as a matter relating to the law.

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Re:Robinhood Checking Moved Fast and Broke by y-c-o-m-b on Monday December 17, 2018 @03:33PM (#18701905)

I have an account opened (never gave them money though), but I put in a request to get it closed.

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Re:Robinhood Checking Moved Fast and Broke by astura on Monday December 17, 2018 @01:24PM (#18700842)

Everyone was waitlisted, the product never existed, it was planning to launch next month.

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