News for hackers. Stuff that matters.
Re:An Update on Market Volatility by nightski on Thursday January 28, 2021 @04:50PM (#25949825)
It's a pretty product but calling it "strong" is very generous. It goes down constantly and I'd personally never trust more than a few hundred bucks to the platform. It's by far one of the worst brokerages in terms of execution and reliability.
Re:An Update on Market Volatility by ABeeSea on Thursday January 28, 2021 @05:38PM (#25950504)
It’s not meant for day trading; it’s meant for investing.
Re:An Update on Market Volatility by lamontcg on Thursday January 28, 2021 @06:13PM (#25950891)
There's no need for a Capital-I Investment App to be on mobile. You should be doing research on a bigger screen, and when its time to execute trades you shouldn't be doing them on the shitter and shouldn't care if its executed at 9am or 4pm or the next day.

The Robinhood app is totally designed to suck Millennials into daytrading on their mobiles.

Re:An Update on Market Volatility by ABeeSea on Thursday January 28, 2021 @07:48PM (#25952003)
Not everyone has a laptop or a desktop. And you can do plenty of research on a phone or iPad.
Re:An Update on Market Volatility by systemvoltage on Thursday January 28, 2021 @05:11PM (#25950146)
You’re right. They’ve got some issues, but there is nothing else like it out there that’s easy for newbies to invest despite of reliability issues.
Re:An Update on Market Volatility by TigeriusKirk on Thursday January 28, 2021 @05:21PM (#25950266)
But they've taken themselves out of the newbie market. Newbies now see them as shady. Potential newbies now see them as shady.

I think you're drastically underestimating the reputational hit they took today.

Re:An Update on Market Volatility by systemvoltage on Thursday January 28, 2021 @06:08PM (#25950848)
I've seen these things come and go. #DeleteUber, no one gives a shit about it anymore.

Perhaps, you're drastically overestimating the hit they took today? Let's mark this comment and check after 6 months or a year.

Re:An Update on Market Volatility by TigeriusKirk on Thursday January 28, 2021 @07:00PM (#25951359)
DeleteUber was entirely different thing. A boycott attempt driven by social justice issues. This is something that negatively impacted over half of Robinhood's customers in a very direct manner. Not at all comparable.

Sure, let's check back in a year.

Re:An Update on Market Volatility by systemvoltage on Thursday January 28, 2021 @07:59PM (#25952096)
You make a fair point noting the differences of motivation behind the boycott.