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by winstonx 4563 days ago
"Robin Hood" seems to be a misnomer for this service.

The character Robin Hood stole from the rich to give to the poor. In contrast robinhood.io encourages every-day folks to compete against the elites in the stock market. Which explains why elite capitalists are funding the robinhood.io venture.

If you're not paying for the product, you are the product.

1 comments

> If you're not paying for the product, you are the product.

People have been restating this tedious point for years. Do you really think if you pay a few bucks a month for something like Netflix, they just decide "well we've already got this guy's 7.99, there's really no need to make any use of his data for additional gains".

You are pointing out that the converse of my statement isn't necessarily true. I agree with you: if you are paying for something, you might still be a product.
The statement itself isn't true from the outset, consider NPOs, OSS, Wikimedia projects... It's just a meaningless cliché.
It's a truism, roughly equivalent to "there's no free lunch."