Robinhood Staff Appeased with $40 of takeout money

New
iWorkAtNew

New

iWorkAtNew
Jan 29, 2021 539 Comments

Article released that Robinhood employees are pretty mad with what's going on. CEO gives out $40 worth of Doordash coupons to each employee in hopes to calming ppl down LMAO.

https://www.theinformation.com/articles/robinhoods-staff-fret-over-mission-after-startup-halted-meme-stock-buying

EDIT: I don't have access to article. Got info from tweet by New York Times reporter. https://twitter.com/eringriffith/status/1355195945005113350

EDIT 2: @RH employees, as much as shitposting is funny, we understand that you guys are in a terrible position and its not your fault. Stay strong!

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TOP 539 Comments
  • Robinhood / Eng
    GoRBH

    Go to company page Robinhood Eng

    PRE
    Google, Apple, Tableau Software
    GoRBH
    Robinhood employee here. I know you guys are angry now, but this $40 is for lunch reimbursement because we work really hard this week to accomodate the high request rate, not to calm us. Please don't spread rumors.
    Jan 29, 2021 19
  • New
    iWorkAtNew

    New

    iWorkAtNew
    OP
    Wish I worked at RH. Need lunch rn.
    Jan 29, 2021 3
  • I’d be pissed too if I worked at RH. Understandable that they had to halt buying, but it’s also understandable that most retail investors won’t understand why, because back-office details aren’t normally something they’re forced to consider. In a post-QAnon world, you need to clearly communicate and justify every controversial decision, and RH really dropped the ball on this one.
    Jan 29, 2021 19
    • Amazon, imagine if Bezos only allow you to eat banana but not poop, you’d wish you don’t have a fuck to do with banana
      Jan 30, 2021
    • @Intuit X actually everyone is sort of a paying customer on RH. Their commission free trades is a bit of a trick. Citadel is their broker dealer, and they make a commission by charging the RH customer a certain price with their commission baked in to the stock/option price, and then in return Citadel pays Robinhood for getting this business from their userbase. So Citadel is literally a part of how RH's product even works. Also as you already know, people who buy on margin are paying RH directly in return to seamlessly access RH's "commission free" (not the whole truth in it's entirety as explained above) trades.
      Jan 30, 2021
  • Microsoft
    LOL @ RH

    Go to company page Microsoft

    PRE
    Facebook
    LOL @ RH
    It is unbelievable that no employee from RH is replying. Disgusting
    Jan 29, 2021 21
  • Robinhood employees learning that tech press and mainstream media would rather tell a juicy story than the truth. Now you know how is Facebook employees feel. ;)
    Jan 29, 2021 18