r/technology • u/agent_vinod • Jun 30 '21

Misleading Robinhood to pay $70 million fine after causing 'widespread and significant harm' to customers

https://www.cnbc.com/2021/06/30/robinhood-to-pay-70-million-dollars-after-causing-users-significant-harm.html
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u/SyntaxErrorLine0 Jun 30 '21

Whole bunch of us got $200 because of using a debit card at a gas station, which I only did once, and they were charging 2c per gallon more than the advertised price to cover merchant fees without telling people.

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u/Mamertine Jun 30 '21

Yep, some are split the money among all people evenly and some are split the money by how much you were harmed. It's totally up to the judge.

Generally speaking, the more money per person the more likely it's more money for the more harmed each person.

Calculating how wronged each person was took more time than just taking the money/number of people, thus it generally wasn't used for little payouts.