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by SirSavary 1970 days ago
Not 100% the same but this feels similar to the Apple crowd explaining to me that I don't want an open computer in my pocket.
2 comments

Yes and no. At no point did Apple sell me on the idea that I'd have an open computer in my pocket. In fact, they aggressively sell me on the opposite, and make it clear that they act as gate-keepers to what apps can and can't be in my pocket. Totally legitimate to take issue with that, but I think there's a marked difference between doing that and Robinhood arbitrarily preventing folks from doing these trades.
Should have clarified:

Apple Inc sells me on a closed up device, which is fine.

Some Apple loyalists explain to me that I don't know what I want and that Apple Inc's ideology is the one true way.

Personally I have both an iPhone and an Android. Locked-down personal device and a customizable dev phone ¯\_(ツ)_/¯

Sure with broad strokes, it generally sucks when a tech company makes unilateral decisions for its customers, whether that's restricting which stocks you can buy or whether you can put unauthorized apps on your iPhone.

But I find it particularly egregious because the major principle of RH was that it was on the side of the everyman rather than institutions.

> the major principle of RH

The "major principle" is to make billions of dollars by owning the market, as it always seems to be with these silicon valley startups

Right right, I mean the face-value marketing "major principle", the one I was foolish enough to trust for a while.
And yet their entire business model is that they offer it for free because they sell access to your orders to market makers so that they front run your transaction.