We're Joining Robinhood

quantopian.com

41 points·beefman··6 comments

This has been a very poorly handled acquisition. Quantopian team gave very little heads up to the community before shutting down their service. Curious what is the play here. Seems like Robinhood would put their service behind their Robinhood Gold and provide it with direct application of strategies on your portfolio.

> Curious what is the play here

Leader-follower. Or retail tools that look like quant kit.

Anyone designing strategies on Quantopian is smart enough to not day trade on Robinhood. So the margin has to come from uninformed traders emulating or following quants.

> Curious what is the play here

Acqui-hire for technical talent ahead of a Robinhood IPO? Just speculating here.

Does anybody else when tech was interesting and not simply a thousand different ways to redefine gambling?

...well I guess there’s still the growing industry of finding new and clever ways to algorithmically pay workers less than minimum wage.

Your response seems quite cynical to me.

Quantopian has been around for a while. They scratched the itch that a lot of programmers have of building an automated trading system and beating the market. Quantopian allowed them to test their trading theories without acquiring the backtesting data and building the test infrastructure. I'd imagine it kept some people from "gambling" with real money.

Yea and they just let go a bunch of their team, closed the public facing side of their product, and the remaining team is joining Robinhood to help extract money from unsophisticated investors that are essentially gambling.

I am cynical because Quantiopian, which was an interesting idea for the reasons you mention, has now been destroyed and absorbed into a dressed up gambling company

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