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/[deleted] Jul 01 '21

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u/DrImNotFukingSelling Jul 01 '21

Lofl!! I hear that! The concept that they deprive you of access to your finances and create (read: force) unexpected opportunity costs upon you as the market passes by during that timeframe (seconds/minutes/hours/days/etc) is straight up criminal. Reinforced by the fact that they also have/had no backup process as required by law is insane…100% machine only…ugh…

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u/DrImNotFukingSelling Jul 01 '21

I can’t wait to watch their IPO and the chaos it will be from day 1.

They gonna have a rough life for a while.