Robinhood steals from the poor and gives to the rich

Robinhood, the app, quite literally takes from the poor and gives to the rich.

In case you are too young to know the story of Robin Hood, it's the story of a man who stole from the rich and gave to the poor.

It's tragically funny, honestly. Their app name is Robin Hood and they screw you, the retail investor, to fill the bags of hedge funds.

If you're not sure what I'm talking about;

Robinhood collects trade data and sells to hedge funds, who use high-frequency trading to buy positions according to YOUR (and other's) data and then sell it after it spikes.

So say you buy some bitcoin on Robinhood and coincidentally 1000's of others are buying bitcoin too in that exact same moment, the hedgefund servers receive this data from Robinhood and instantly buys bitcoin BEFORE your order goes through and as your orders go through and the price spikes because of the volume, creating momentum, the hedge funds will sell the orders again, dumping the price. This happens CONSTANTLY. As in real-time constantly.

This is not some conspiracy either, they've faced civil suits over the practice. It's free because you are the product.