3 ms·
I don't think the issue is democratizing stock trading. The issue, as I understand it, it's that Robinhood's UX has crossed the line from "easy, functional and
by balls187 6y ago
I don't think the issue is democratizing stock trading.
The issue, as I understand it, it's that Robinhood's UX has crossed the line from "easy, functional and usable" over to one that employs similar psychological tactics that social media, casinos, and lootboxes employ to keep users engaged with their product.
I'm not passing judgement on their implementation, instead likening it to similar pleasure cycles that lead to addiction like behavior in the aforementioned products above.
- kjksf 6y agoMaybe we shouldn't be throwing words like "addiction" willy nilly. Is it really your opinion that the guy wouldn't fund his investments via credit card debt and then followed it up by borrowing $30k against his mortgage if only he used ETrade and not Robinhod? Somehow, I really don't think so.
- balls187 6y ago> Is it really your opinion that the guy wouldn't fund his investments via credit card debt and then followed it up by borrowing $30k against his mortgage if only he used ETrade and not Robinhod? Mechanically, ETrade does not allow you to fund your account via Credit Card. You could request a check from your credit card company I guess... But yes, most brokerage apps are focused on data, and less about engagement.