View Single Post
Old 01-29-2021, 04:03 AM   #20 (permalink)
freebeard
Master EcoModder
 
freebeard's Avatar
 
Join Date: Aug 2012
Location: northwest of normal
Posts: 28,929
Thanks: 8,211
Thanked 8,986 Times in 7,423 Posts
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.
__________________
.
.
Without freedom of speech we wouldn't know who all the idiots are. -- anonymous poster

________________
.
.
Because much of what is in the published literature is nonsense,
and much of what isn’t nonsense is not in the scientific literature.
-- Sabine Hossenfelder
  Reply With Quote