https://www.cnn.com/2020/12/17/investing/robinhood-sec-settlement-deceptive-practices/index.html
Just 6 weeks ago, @RobinHoodApp paid a $65 million fine for deceiving its clients about how much it costs to trade: Crappy fills that, in the aggregate, cost "clients" $34 million. So basically, their chumps (er, clients) financed half of the fine.

So these claims made by the damage control specialists like @Jason today on @CNBC that RH is transparent and that everybody knows how they make money is just bullshit and spin. After the SEC settlement, more disclosure was made -- because it was F-ing REQUIRED to be made.

It is dishonest to claim that all the clients knew how the Sheriff of Nottingham makes money - shitty fills so Citadel skims on every trade. In your twitter exchange with me earlier today, @Jasson, you said that RH "entire mission is to bring more players to the table."

Riiight. By blowing confetti on the app when a trade is made. By "gameifying" the app so it's addictive to new traders. RH is not on the side of the little guy. RH is fleecing the little guy like a sheep at a wool factory. Trading is a serious business. It's not a game.

You are enticing newbies to take risks that they aren't even aware of by making your app fun. At least cigarettes have a warning on the box that they are addictive and harmful to your health.

Your business model is really nothing more than: "Lets sucker all the innocents into trading on our fun app, and make a boatload of money off their lack of sophistication." @vladtenev does have a little bit of Zuckerberg in him. Back in 2004, Zuck said "They trust me. dumb f***s"

What's the difference? Facebook users are providing personal information. @RobinHoodApp users are trading their money...and they are not getting a fair deal. Might seem like I am pissed, but I'm not. I am laughing at you because you've been exposed for your dishonesty. #WSB