Robinhood Markets Inc

HOOD

Robinhood Markets Inc

@HankHill
4 months ago

Robinhood sucks

So I found this subreddit called Robinhood class action and was thinking of posting one of their posts over here, but I have actually have my own example to use. I'm very hesitant to recommend Robinhood as an investment much less a place to keep your money largely because I don't think the app is really run that well. I have heard stories of people not being able to withdraw their money because of their negligence or of course the infamous GME fiasco because HOOD simply didn't consider posting collateral for all the trading volume that was going on, but more recently with me I cant transfer assets from an E*TRADE account because Morgan Stanly wasn't able to validate my money from when I transferred it from Robinhood. You see most brokers have a phone number that the other broker can call to verify account transfers but apparently not Robinhood. So I have to drag Robinhood kicking and screaming into verifying my shit is legitimate. What a great service. I'm concerned that as a business Robinhood is going to screw up again and be hit with a class action lawsuit so that's why I went from bullish to extremely bearish on this company.