Analysis: Robinhood protected from lawsuits by user agreement, Congress
Robinhood won’t go out of business because of lawsuits, it’ll be an exodus of users.<p>Even if they just weren’t prepared and everything they did was legitimately the right thing to do, that ship has sailed. I know people I didn’t even know had a Robinhood account ask me if I was shutting my account down too.<p>This will be fascinating to watch. Can the repair the brand damage? I’m skeptical.<p>Is there any similar scenario that has occurred at another brokerage firm in the past that might leave clues to examine to understand potential user actions here?