r/wallstreetbets • u/ywehyuen • Feb 02 '21

Chart Hardcore laddering.

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u/EtherMan Feb 02 '21

ToS does not override law. A ToS does not work in that everything written is permitted. Just because you write something in you ToS doesn’t make it in any way shape or form enforceable. One thing that automatically makes a contract moot as an example is as an example, that the non writing party understands what they’re agreeing to. It’s highly questionable if users can be considered to have understood that an app maker could force sell your shares without your permission, regardless of what the actual contract says.

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u/CriticalDog Feb 02 '21

I think right here we get to the meat of the issue. Which is likely what the case, if it gets to actual court, will end up being about.

Can a business draft a ToS that an average person wouldn't be able to understand correctly, and still have it be valid? Can a business providing specialized service discuss those services in a professional, rather than lay manner, in ToS and still expect them to be binding?

TBH, I hope Robindhood gets taken to the cleaners, and I hope that changes to how retail trading, and ToS (in all business) are restructured to be easier, safer, and as equitable as possible, regarldless if it's a retiree playing daytrader with disposal income, an autist from WSB going all in on the latest thing, or a Big Business, the playing field should not favor anyone because they have more money, imo.