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The app makes it very easy (and promotes) leveraging beyond your means which encourages subcultures like /r/wallstreetbets and influences young professionals to
by tmpz22 6y ago
The app makes it very easy (and promotes) leveraging beyond your means which encourages subcultures like /r/wallstreetbets and influences young professionals to dump irresponsible amounts of money into the app. Robinhood 100% knows about this and benefits from it, you can argue how complicit they are but there is no doubting that they are in fact complicit.
- asdff 6y agoAny broker can give you margin, robinhood does all the same things TD ameritrade and everyone else does. A discussion about wall street bets is another thing, but robinhood is not some unique platform in this regard.