I ended up accepting. I thought long and hard about it, and did more research, and I realized that the issues with GME were not due to any thing I really blame Robinhood for, or felt like they did immorally (which would be my main concern). I think it was a perfect storm of extreme volatility, extremely active user base, and being a dsmall broker that forced them into a bad position. I decided to join them and help make sure that it never happens again. I also truly believe in their mission of democratizing and modernizing finance and I believe they're still in a fantastic position to do that. Thanks for all the feedback everyone!!
Hell no.
They are going down for losing customer trust.
Man, why do Amazon people always have to bring Amazon talk everywhere they go? 😒 But agreed.
Robinhood should have shown bias for action by taking ownership of today's situation in order to earn trust with customers. Their lack of customer obsession by halting GME trades demonstrated they were not thinking big about their future nor insisting on the highest standards as a trading platform. Their inability to have backbone, disagree and committ with market makers and clearing companies will alienate customers and only bring more lawyers and class action lawsuits to dive deep on their practices.
Fuh no dude. I'm shorting RH when they IPO.
Think their IPO plan will be affected cuz of this?
100% there's been and still going to be a mass exodus of customers which will affect their finance books.
RUN
IPO is based on growth story since everyone downloaded it in Mar 2020 and up until this morning. With so many people claiming they'll delete it, and with play store reviews worse than malware, I wouldn't risk working there. If stock goes down you'll be making less money than now, with worse WLB. Tldr stay at google
Assuming they don't lay you off after the exodus.
Fuck RH.
If anyone from RH reads this, what is happening internally right now?
Spoke with a friend there. Looks like decision was made without any input. There's supposedly an all-hands tomorrow. "It was a quiet day."
Yeah everyone realizes their options are fucked all to hell
Stay at Google bro
What level was your offer and how much cash vs stock? Maybe negotiate up on the cash value?
I tried negotiating and they won't budge. They say it's already the best offer they can give an L2
Tried negotiating prior to all the drama from today? Or tried negotiating today?
I wouldn’t. No one will trust them after this.
And trust is essential for brokers, especially for a non-differentiated firm in a competitive market