Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by esoterica on Thursday January 28, 2021 @01:01PM
(#25945913)
> Why should Robinhood pick a winner (siding against their own customers)?
They're not siding against their customers. The median Robinhood trader that buys in at $350 is going to be left holding the bag when the price drops back down to $10. You can argue whether or not the paternalism is good or bad, but this is obviously going to on net stop more people from losing money than making money.
They're not siding against their customers. The median Robinhood trader that buys in at $350 is going to be left holding the bag when the price drops back down to $10. You can argue whether or not the paternalism is good or bad, but this is obviously going to on net stop more people from losing money than making money.