Robinhood Settles for $9 Million Due to Unwanted Text Message Complaints
Unpacking a Major Win for Consumer Privacy: The $9 Million Robinhood Settlement In recent events that have caught the eye of both financial and privacy advocates alike, a settlement has been reached that marks a significant win for consumer rights At the heart of this development is the well-known cryptocurrency and stock brokerage platform Robinhood, which has agreed to pay $9 million for its role in a case involving unsolicited promotional text messages This milestone case has not only stirred conversation about consent and electronic communication but has also showcased the power of litigation in championing consumer protection The Lawsuit at a Glance Two plaintiffs, Cooper Moore and Andrew Gillette, brought forward a lawsuit alleging that Robinhood's referral program operated in violation of both the Washington Commercial Electronic Mail Act and the Washington Consumer Protection Agreements They argued that the program involved sending promotional text messages to potential users without their explicit consent—a move seen as a breach of privacy rights...
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