Robinhood is, of course, named for the mythical 12-century English outlaw. Present-day actual residents of Nottinghamshire, however, won’t be using it anytime soon. Our condolences to the British equivalents of Sears and Hertz, for your twenty- and thirty-something, bored and potential frightfully underinformed savior(u)rs are not coming any time soon.

In an email sent Tuesday to more than 260,000 people on its U.K. waiting list, the company, which was authorized by the U.K. financial regulator last year, said the launch was postponed indefinitely. The launch would have been Robinhood’s first expansion outside the U.S.

“The world has changed a lot over the past several months and we’re adapting with it,” Robinhood said in the email. “Our efforts are currently best spent on strengthening our core business in the U.S. and making further investments in our foundational system.”

By which the app which has democratized gambling on the markets means maybe doing something about the glitches that provide unlimited leverage and keep users from trading during those frenzied coronavirus days that those very users are fueling, and also the ones that make users kill themselves.

Robinhood Cancels U.K. Launch Amid U.S. Outages, Controversy [WSJ]



Sheriff Of Boston-ham Comes For Robinhood

Massachusetts has some problems with the Millennial trading-game app.


Robinhood Users Will Buy Literally Anything New At Literally Any Price

If you’ve got something tech-looking, file for an IPO immediately.


Oh, Is Disclosing The Source Of Half Our Revenue On A Page Called ‘How We Make Money’ A Big Deal?

Because Robinhood’s gotta plead ignorance (and probably a $10 million-plus settlement) on this one.

dumpster fire ornament

Worst Year In At Least A Century No Reason Not To Go Public

The SPAC-and-IPO party on Wall Street will have to stand in for the traditional holiday festivities this year.


Harbingers Of Old Future Of Finance Move To Current Future Of Finance

Quantopian’s take from the rich and make people poor ethos finds a home at Robinhood.

By Federal Bureau of Prisons ( [Public domain], via Wikimedia Commons

83-Year-Old Gets Four Years For Crimes Of All Panama Papers Characters

‘It’s not even a close question that von der Goltz be incarcerated.’