01-29-2021, 03:03 AM
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#20 (permalink)
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Master EcoModder
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Not I.
www.fark.com/comments/11135804/Robin-Hood-selling-peoples-stonks-for-their-own-good
I only made it through the first page of 560 comments, this is prolly the most pertinent quote, from a Scott Galloway article.
Quote:
In contrast to rivals such as Charles Schwab that encourage investing, Robinhood gamifies trading. Gambling addiction doesn't depend on green felt and free drinks; today, boredom and a smartphone is enough.
Why would they do that? At Robinhood, users aren't customers, they're products. More specifically, their trades are the product, which Robinhood sells to market makers.
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