High information density has a place, but when it directly results on me needing two different screens to get the information I need on one screen then it is a real problem. For example my regular broker's order flow requires me to have two tabs, one to order, and one to show my existing position's cost basis. That's broken.
I think the situation speaks more to just how terrible existing broker's UI/UX is, rather than RH inventing something novel. They just make an interface that was basically solid, which is oddly rare for brokers.
Google's homepage has better stock charts than my regular broker for example (and RH's charts are better than Google's).
And your regular broker doesn't do real time charts? Uhh.... I don't know who you're talking about but if my broker lacked this I'd strongly consider switching to someone better (but not RH)
I'm all for information density, but using Schwab, Vanguard, whatever results in slow to load pages which refresh every time I click a button. Half the pages look completely different than the other half of the pages, I use ctrl-f to find any buttons to click, and sometimes pages just don't load because they don't feel like it.
Banking websites are horribly broken and outdated on a technical level, even if I don't consider the design aesthetic.
He got obliterated on his suggestion that they have suicide support (A rep called the support hotline and it went straight to voicemail). He said "I admit to always improving". Was extremely shady if there was no wrongdoing.
Chamath said "I remember when I met the @RobinhoodApp founders when they were raising their Seed, Series A and Series B. I passed. Why? Optimize for integrity whenever possible because integrity compounds and assholes will fuck you." [1]
I think we'll find out a lot more about Vlad and his operation in the near future. I do not wish them luck on their IPO.
