<story><title>We Are Preparing a Class Action Lawsuit Against Robinhood</title><url>https://old.reddit.com/r/wallstreetbets/comments/l6yrs3/we_are_preparing_a_class_action_lawsuit_against/</url></story><parent_chain><item><author>martinni</author><text>I’m not sure it’s that simple. They pissed off their most loyal and active customers. I doubt they’ll be back. What to say RH will not do this again in the future?</text></item><item><author>ta1234567890</author><text>Unfortunately, RH most likely made the decision already taking into account the potential costs of making it (including lawsuits and fines by regulators). Their alternative was probably “biting the hand that feeds them”, hence more likely an existential risk to them.&lt;p&gt;Being cynic about it, nothing of consequence will come out of this. RH will just pay up and continue business as usual. WallStreet will have successfully crushed the little guys, ironically, doing the same they are complaining about, market manipulation. And in the future people will think twice before attempting something like this again.</text></item><item><author>woliveirajr</author><text>This. If your business is to provide a trading platform, you can&amp;#x27;t forbid your clients of doing the business they want, with their money. You step in the middle of the process, you&amp;#x27;re liable for your interference.</text></item></parent_chain><comment><author>hinkley</author><text>They picked their company name evoking a certain moral ethos, and the first time their customers consciously acted on that ethos, they pulled the plug.&lt;p&gt;Whether you agree with that ethos or not, I think we can at least agree that RH lacks the courage of its convictions.</text></comment>
<story><title>We Are Preparing a Class Action Lawsuit Against Robinhood</title><url>https://old.reddit.com/r/wallstreetbets/comments/l6yrs3/we_are_preparing_a_class_action_lawsuit_against/</url></story><parent_chain><item><author>martinni</author><text>I’m not sure it’s that simple. They pissed off their most loyal and active customers. I doubt they’ll be back. What to say RH will not do this again in the future?</text></item><item><author>ta1234567890</author><text>Unfortunately, RH most likely made the decision already taking into account the potential costs of making it (including lawsuits and fines by regulators). Their alternative was probably “biting the hand that feeds them”, hence more likely an existential risk to them.&lt;p&gt;Being cynic about it, nothing of consequence will come out of this. RH will just pay up and continue business as usual. WallStreet will have successfully crushed the little guys, ironically, doing the same they are complaining about, market manipulation. And in the future people will think twice before attempting something like this again.</text></item><item><author>woliveirajr</author><text>This. If your business is to provide a trading platform, you can&amp;#x27;t forbid your clients of doing the business they want, with their money. You step in the middle of the process, you&amp;#x27;re liable for your interference.</text></item></parent_chain><comment><author>haram_masala</author><text>Much like Facebook, RH’s users are not its customers. RH’s actual customers are no doubt thrilled with what the company has done.</text></comment>