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.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.This will be fascinating to watch. Can the repair the brand damage? I’m skeptical.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?