ROBINHOOD STOOD WITH ETHICS THAT AREN'T GOOD!

“It was disgusting,” Munger said. “Now it’s unraveling. God is getting just.” Last year Robinhood went public at $38 a share and rose to $55. Since then the stock sits at $10, thats over 70% decline from their IPO price! Not only was Robinhood a hyped up speculative stock and competitors at every corner, but the company has been having bad news after bad news come out about their ethics. Kind of ironic since they named the company after the notorious rebel that would steal from the rich and give to the poor. They made the easy to use application for new retail investors to make investing simplified for the financial illiterates and quarantine exploded the business. The one thing the company never though about was actually educating theses new investors. Since Robinhood is so easy to use and easily accessible, gamblers found another opportunity to waste money. Options trading became a huge trend during the bull market post covid but like the internet bubble man have lost everything they made post covid and then some. Robinhood who's mission was to help these investors was actually taking advantage of their ignorance. Charlie Munger even said that they are making money in a dirty way and went on to say, “I don’t think we ever had anything quite like we have now in terms of the volumes of pure gambling activity going on daily.” His partner Warren Buffet is also stated saying how the market is a gambling parlor and that financial industries are blamed for encouraging risky and speculative decisions. This is not the only accusation of unethical business management of the company, but during the prime time of the hype of the meme stocks, Robinhood, the retail investors main trading platform, paused trading of these assets. After that, the company has been taking backlash and done nothing to redirect their stocks downward trend.