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by muldvarp 1965 days ago
> Robinhood has always been extremely predatory at encouraging users to actively gamble with their investments

No, r/wallstreetbets was encouraging users to actively gamble with their investments, Robinhood was just allowing its users to make their own decisions, like any investment app for grown ups should.

1 comments

> Robinhood was just allowing its users to make their own decisions, like any investment app for grown ups should.

They blocked purchasers from buying.

Which makes OP's point about Robinhood encouraging people to gamble with their investments even less true.
That’s just them dropping the ball when people needed it to work.

But their predatory behavior have long existed before this GME debacle. Which other “investment apps for adults” show confetti animation after a trade? Or actively have UI that go “wanna make more money? Try trade on margin!”?