this post was submitted on 28 Oct 2024
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Robinhood admits it’s just a gambling app. (www.theverge.com)
submitted 3 months ago by [email protected] to c/technology
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[–] Gigasser 5 points 3 months ago (1 children)

I mean, I feel most people who lost money were doing "options trading", basically full on gambling/speculation. If you had put that money in an s&p500 index fund, chances of losing money are slim.

[–] [email protected] 1 points 3 months ago

Thats... what Robinhood doesn't advertise, and (at least used to) always buys options by default.

So fuck Robinhood.

Where is the app that has only one button 'Buy ESG'?