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by abduhl 1965 days ago
If it doesn't, does Robinhood really want to go to arbitration with all of WSB? I wonder who pays the upfront cost for the arbitrator?
2 comments
Nacdor 1965 days ago
I had the same thought because DoorDash was once pummeled with arbitration fees by angry drivers, and it looks like Robinhood doesn't specify who pays the fee. I'm assuming that leaves the burden on the consumer, but maybe their arbitrator (FINRA) has some rule I'm missing.
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fastball 1965 days ago
There are actually law firms that specialize in arbitration at scale.

Customers: "We want to sue you."

Company: "Sorry you can't do a class-action, we have a binding arbitration clause."

Law firm representing customers: "Ok, here is the paperwork for 1500 arbitrations, have fun with that. We can do this all day."

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