Hacker News new | past | comments | ask | show | jobs | submit login

I agree. The ultimate irony is that their mission is to democratize finance.



Robinhood's mission is to gamify day trading. Don't let the pretty mission statements obfuscate the truth.


Correct - Robinhood's _marketing_ was "we'll democratize finance".

Robinhood's _purpose_ was to sell order-flow information to the hedge funds. Retail investors were never the customer, always the product.

This is like a mouse complaining about the "irony" of a mousetrap abandoning its mission of cheese-distribution.


Like Facebook and Google's users, Robinhood's clients are the product. They've now learned that truth the hard way.


Seems like a game to me.


A system is what it does, not a set of mission statements.


Unless you are going to win at rich people's expense


> The ultimate irony is that their mission is to demon-atize finance.

The above is what I read at first glance which seemed appropriate.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: