that is horrible, another example of companies so desperate for growth at the expense of the customer! Robinhood is renowned now for being the place where the dumb money pile in, there are like any platform a few smart traders that pile in and the recommendations feed pumps everyone jumps on a stock and most lose. Trading stocks in the modern age where there are little or no dividend worth holding for makes it a lesser fools game.
This may be the most public case, but sadly there are more like him that we don't know about, all falling for this Ponzi scheme
Yeah man! It's a real shame as thousands are pulled into this and it takes a while for most people to get used to the nature of these markets. I hope the broker is also investigated for any issues on their end but modern day trading is done by majority of bots and its extremely hard for the average joe to make consistent profits year after year. It's very easy to blow up your account while trading. There's a learning curve one cannot skip and even then there are no guarantees. As for Robinhood I tend to agree as I've heard similar things about them from a while now.