Twitter’s New Crypto and Stocks Feature Links to Robinhood

According to CoinDesk, Twitter is not building the feature completely from scratch, but will instead rely on help from a company called TradingView. Likewise, after accessing the price chart, a button can take you to a live price chart of the stock or crypto’s value on Robinhood. Twitter’s collab with Robinhood has some users worried although it’s unclear whether the two have formed any formal partnership with this new launch.

“You really partnered with RobinHood on this?” wrote user BTan121. “Let me take a wild guess on what happens with the data.”

“How much is robinhood paying y’all for this,” tweeted ParikPatelCFA.

“Only problem is, Robinhood scammed everyone during The Gamestop Pump. We won’t forget this,” said JasonRobergeVA.

Robinhood is a financial services company, best known for its stock trading app of the same name. The company had a huge hand in making stock trading more accessible, but is also no stranger to massive controversy. In January 2021, day traders saw an opportunity in GameStop stock being a lucrative target, taking to the subreddit r/WallStreetBets to express their enthusiasm and get other traders on board. The GameStop stock continued to balloon over the following days, until Robinhood limited trading. This decision is the antithesis of the company, which encourages free trading for the small investor—it’s called Robinhood for God’s sake.

The company naturally faced a ton of backlash and even calls for government action in the wake of GameStopGate, while the notion that the company could turn trading on and off at will was exposed. As such, user skepticism about Twitter using Robinhood as part of this new feature—especially since the former is being held together with metaphorical duct tape—is natural.

Fumali – Services Marketplace – Listings, Bookings & Reviews