Robinhood Blind users, you should realize that YOUR RSUs and TC are on the line. If RH goes down, your TC gets wiped
Yea, you’ve probably personally done nothing wrong. But the unfortunate thing is, you’re going to be collateral damage if Robinhood keeps going downhill.
Think about your TC. The same users that propelled Robinhood’s meteoric success are now filing a class action lawsuit against Robinhood and calling RH out on restricting free trading. Trending #CancelRobinhood. If RH keeps this up, do you think there’s any chance for a good IPO? For any exit?? Your paper RSUs risk melting down to nothing.
Next, don’t even consider money for a second. Even if you leave, but Robinhood goes down in history — not as innovative technology that democratized trading — but as a hated tech company accused of manipulating the stock market, restricting free trade, and losing its users billions to fund the mistakes of corrupt hedge funds, you are going to make the most hated tech companies today look like saints. NOTHING will salvage your resume from that. Imagine having Enron on your resume.
Overnight, Robinhood has possibly gone from hero, to zero. Its users are rebelling. Switching to other apps. If this keeps going, your RSUs, TC, and reputation will get wiped. DON’T let that happen. You can do something because it is YOUR COMPANY. If enough people within speak out, they will be pressured to change. Hold on to your reputation, hold on to your principles. Don’t let your TC get wiped. You have the support of every free trader on this forum, and in the market. We are with you.
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IMO RH is accountable because it is their user base that is overwhelmingly impacted by the new trade restrictions. They need to take accountability and support their users because the flip side is losing their trust and membership permanently