I use Robinhood all the time, but I can't shake the feeling that it eventually will have its own day of reckoning too.
The whole premise is that you know what you’re doing; it’s hardly Robinhood’s fault if you don’t.
Offering sophisticated trading tools like margin trading to anyone and everyone can be super dangerous - just look at the Nebraska student who tragically took his own life last week. It will be interesting to see if/how Robinhood starts implementing more guard rails for its product in the future. Does Robinhood have the responsibility for that?
I use Robinhood all the time, but I can't shake the feeling that it eventually will have its own day of reckoning too.
Offering sophisticated trading tools like margin trading to anyone and everyone can be super dangerous - just look at the Nebraska student who tragically took his own life last week. It will be interesting to see if/how Robinhood starts implementing more guard rails for its product in the future. Does Robinhood have the responsibility for that?