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Robinhood's mission is to gamify day trading. Don't let the pretty mission statements obfuscate the truth.
by whoknew1122 6y ago
Robinhood's mission is to gamify day trading. Don't let the pretty mission statements obfuscate the truth.
- paulddraper 6y agoSeems like a game to me.
- variaga 6y agoCorrect - Robinhood's _marketing_ was "we'll democratize finance". Robinhood's _purpose_ was to sell order-flow information to the hedge funds. Retail investors were never the customer, always the product. This is like a mouse complaining about the "irony" of a mousetrap abandoning its mission of cheese-distribution.
- scruple 6y agoLike Facebook and Google's users, Robinhood's clients are the product. They've now learned that truth the hard way.
- throwaway2048 6y agoA system is what it does, not a set of mission statements.
- ulucs 6y agoUnless you are going to win at rich people's expense