Analysis: Robinhood protected from lawsuits by user agreement, Congress

Re:Analysis: Robinhood protected from lawsuits by user agree... by notyourwork on Saturday January 30, 2021 @01:28PM (#25971512)

Submitting a negative review is a lot less effort than dealing with a court case. I think it’s unlikely a small percentage of 100,000 will pursue.

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Re:Analysis: Robinhood protected from lawsuits by user agree... by User23 on Saturday January 30, 2021 @01:29PM (#25971520)

You’re talking about people who banded together to drive up share prices. They’ve already demonstrated an ability and willingness to coordinate.

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Re:Analysis: Robinhood protected from lawsuits by user agree... by hutzlibu on Saturday January 30, 2021 @01:33PM (#25971577)

But they are probably still not the majority of its users. Anyway, Robinhood is likely dead in the long run.

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Re:Analysis: Robinhood protected from lawsuits by user agree... by m463 on Saturday January 30, 2021 @02:00PM (#25971858)

But remember the arbitration problem that doordash faced when a law firm created an easy-to-arbitrate system for workers?

just do a web search for "arbitration backfired"

you'll find this and other interesting cases :)

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Re:Analysis: Robinhood protected from lawsuits by user agree... by o-__-o on Saturday January 30, 2021 @02:51PM (#25972335)

>court case

I thought it is arbitration (which is less effort than a court case)

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Re:Analysis: Robinhood protected from lawsuits by user agree... by katbyte on Saturday January 30, 2021 @02:20PM (#25972054)

If 1% do that’s 1,000,000...

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Re:Analysis: Robinhood protected from lawsuits by user agree... by TylerE on Saturday January 30, 2021 @02:36PM (#25972185)

That’s a whole 6 hours of profit. They’re at almost $1 bill in annual revenue for 2020.

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