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by ta1234567890 1972 days ago
Well, what are people going to do about it?

Look at Facebook and Google, they keep abusing their users, but without a good alternative, there’s very little to do about it.

Edit: eloquently put by a sibling comment, the issue isn’t having an alternative today, but what would happen when those other alternatives are faced with the same conflict of interest as RH is facing, and the answer is that they would probably react the same way, here’s the link: https://news.ycombinator.com/item?id=25947300

4 comments

Thread on alternatives to Robinhood. https://news.ycombinator.com/item?id=25946366
There numerous retail equity brokers that now offer free trades, mobile apps, and every other feature provided by RobinHood. Unlike Facebook, there is no network effect and unlike Google vs other search engines, different brokers are largely fungible.
There's alternatives to Robinhood though. Robinhood doesn't have the same social network effect as Facebook.
There are a lot of brokers though