Google move out at least 100,000 minus reviews of the stock trading app Robinhood from the Google playact app memory after angry user sent a inundation of critical reviews that caused the app ’s rating to plump on Thursday . The app ’s rating go from rough four stars out of five on Wednesday to just one star on Thursday . Robinhood users were understandably upset after the company stop leverage of GameStop ’s stock and other stocks promoted by Reddit ’s WallStreetBets community .
A Google spokesperson confirmed the tech giant has deleted the reviews and fight down the move overnight , telling Gizmodo over email that it has rule against “ coordinated or inorganic reviews . ” Gizmodo ask how negative review could be deemed “ inorganic ” when people seem sanely upset about Robinhood ’s actions in late days . Google stopped respond to Gizmodo ’s emails after that question .
Robinhood ’s rating on the Google dramatic play app entrepot has rebounded to over four stars since Google deleted the negative reviews . The app also has a 4.7 evaluation on Apple ’s app store , though it ’s not clean what kind of mitigation Apple has done of its reviews for Robinhood this workweek .
Photo: Patrick Sison (AP)
There are still interrogative sentence about what in reality led Robinhood to halt purchase of blood picked by Reddit ’s WallStreetBets on Thursday — stocks that let in not just GameStop but Nokia , Blackberry , and AMC Theaters , among others . An early theory was that hedging fund which had short-circuit the stock had leaned on Robinhood to halt trading , but an alternating theory egress that Robinhood simply did n’t have the cash flow rate to continue processing so many stock purchase .
The latter theory seems to have been bolstered by a new report early Friday from theNew York Timesclaiming Robinhood has raised roughly $ 1 billion from be investors like Sequoia Capital and Ribbit Capital . Robinhood CEO Vlad Tenev denied the company was having liquidity problems onCNBCyesterday , but that does n’t mean it was n’t anticipating liquidity problem in the very nigh future .
Robinhood user wild with the company ’s decision to halt purchases of GameStop filed aclass action lawsuiton Thursday , a move that would seem to give credence to the theme that a electronegative app rating on Google Play is n’t inevitably “ inorganic . ”
It ’s been a roiled week on the Malcolm stock market place , as activist retail investor on Reddit have shown the full system to be a scam in favour of the loaded . But no one knows where that will leave U.S. fiscal markets in the coming days and weeks .
Most Americans know in their inwardness of ticker that the game is rigged . But this hebdomad ’s action by activistic investors on Reddit have really made the rules plain for the entire world to see . The loaded will not tolerate average people making money while they suffer .
The interrogation is how far hedge fund managers and other moneyed mass are willing to take this to support their family interests . If history is any guide , the answer is “ fairly damn far . ”
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