5 ms·

For the uninformed, what large negative impact has Robinhood had on society?

• bnjms 10mo ago
  Gamifying day trading is just turning the retail market into gambling. Obvious objections will be that this has been possible for a long time now. But never did I know young men to casually play the market day to day like Wall Street Bets do now the way they would follow sports in the past.
• virtue3 10mo ago
  https://www.nbcnews.com/business/business-news/gambling-addiction-experts-see-familiar-aspects-robinhood-app-n1256213 https://www.nbcnews.com/business/business-news/gambling-addi... tip of the iceberg.
• vkou 10mo ago
  Gamifying and advertising the shit out of options trading to make it more attractive to morons isn't, strictly speaking, an improvement of our world.
• mike50 10mo ago
  Exploring unsophisticated investors. Trading on margin used to be for extremely experienced and educated people working for a large financial institution. The risk of margin trading is extreme with unlimited losses.
  • lewisgoudy 10mo ago
    Losses on long positions are limited to the value at risk. It does not matter whose money it is.