[alephnan]

> Why wouldn't they?

Because there are better brokerages out there.

> in the face of the partners they rely

You mean their actual customers. There are brokerages where the incentives are not perversed like this.

> did the best they could by still allowing selling

Assuming they acted in good faith to do their "best", their CEO was still incompetent failing to anticipate to liquidity issues

> what happened on one specific day to one specific stock

They halted buying on more than GME.

[halamadrid]

You do know that besides Robinhood many of the other brokers also halted trading the same tickers? Robinhood was the face of the issue for sure, but a lot of others did the exact same thing.

[preisschild]

And a lot of others didn't do the same thing. Whats your point?

[nairboon]

Most of those 'other brokers' that halted trading, were similar to Robinhood, as in not really a proper brokerage. No serious bank ever halted trading, why would they?

[colechristensen]

Etrade also did and it’s the retail trading arm of Morgan Stanley which is the sixth biggest bank in the country…

I don’t know what your qualifications for a proper brokerage could be.

[silisili]

Fidelity has been down at least a dozen times this year, for hours at a time during trading hours. It's not exactly a halt, but effectively same boat.

[ffgjgf1]

Because the Wallstreet bet types don’t really use them?

[alephnan]

Yes, I do.

I said there are better brokerages, and that point still stands. Vanguard, for example, didn't.

I never said that all other brokerages are better than Robinhood. In fact, there are worst.

Just because other brokerages did the "exact same thing" doesn't excuse them or Robinhood.

[halamadrid]

I know its hard to believe, but the entire customer base (23.3M) of Robinhood is a testament to how good their product is in spite of the misgivings of the brokerage during the "GME". If it makes it feel better, their MAU is down 16% year-over-year to 10.3 million.

I am also a user and I love it - and while I don't trade crypto, but they offer the lowest commission in crypto. And my uninvested cash gets a decent interest (5%), and my trades execute reasonably well. It maybe not for a professional trader, but my own experience has been fantastic for what it offers.

Also incredibly thankful that there is no trading fees across many of the brokers now, which I believe was forced by Robinhood. I know of the PFOF controversy, and regardless I hold this view.

I also know I can't change your view, but hope you have a great weekend ahead!