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Robinhood admits it’s just a gambling app. (www.theverge.com)

submitted 1 week ago by Dot@feddit.org to c/technology@lemmy.world

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[–] SkyezOpen@lemmy.world 5 points 1 week ago (1 children)

What? The stock took a huge hit after that reveal. It's a cult of personality.

[–] hasnt_seen_goonies@lemmy.world 9 points 1 week ago (1 children)

Yeah, because the market went from having the opinion of "I'm 80% sure that Tesla is going to do this robo taxi, automaton thing" to " I'm 65% sure that Tesla is going to do this robotaxi, automaton thing". Things are rarely all or nothing with the market.

[–] SkyezOpen@lemmy.world 3 points 1 week ago

I'm 80% sure he's going to do it, and 100% sure it'll be a disaster if he does.