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A comment on Robinhood reports outage as markets rebound. Parent comment

Re:Robinhood reports outage as markets rebound by manigandham on Monday March 02, 2020 @06:02PM (#22470033)
The business model is perfectly sustainable and the same as all the other brokers. Commissions were purely extra income.

The problem is that Robinhood is a young tech company and the "move fast and break things" approach doesn't work when it comes to industries that need reliability and risk management.

I'm surprised they got away unscathed from the lack of proper margin calculations before. That should've led to major fines.

[ Parent | on HN ]
Re:Robinhood reports outage as markets rebound by intuitionist on Monday March 02, 2020 @06:12PM (#22470107)
Ah, sure, this is what I meant by it not being sustainable. They keep fucking up in standard SV ways, eventually FINRA or maybe even the SEC will come down hard. The basic brokerage business seems fine.
[ Parent | on HN ]