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This feels a bit like the tide pod challenge. It isn't necessarily RH's fault that a group of bored teenagers have decided to spend their spare time lying on th
by Traster 6y ago
This feels a bit like the tide pod challenge. It isn't necessarily RH's fault that a group of bored teenagers have decided to spend their spare time lying on the internet about options trading. It starts with a small group of trolls thinking it would be funny to bullshit about something and before you know it you've got a community that's a wonderful mix of people in on the joke and people actually burning their life savings (and more) on complex financial instruments without even the bare understanding of their mathematical properties.
Tide never advertised their laundry detergent as edible, but they still had to deal with it and come out and actually advertise that you shouldn't eat tide pods. Similarly, I think, with Robinhood I think they actually have a responsibility to actually inform their customers the real risks associated with what they're doing.
- throwawaygh 6y agonb other trading platforms do try to educate their consumers. rh makes it very easy to trade options.