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Totally agree that MOST people aren't betting their futures on this. But for one, it only takes a few instances for it to shape the public narrative. For anothe
by tqi 6y ago
Totally agree that MOST people aren't betting their futures on this. But for one, it only takes a few instances for it to shape the public narrative. For another, in a country where 40% can't cover a $600 emergency, it doesn't take that much of a loss to dramatically alter someone's life (especially in our current economy). The end result would have been a flogging in the press and to calls for regulation in Congress.
- freeone3000 6y agoThe people who don't have $600 to cover an emergency don't have a stockbroker at all, much less one they use to take bets they read about on the internet. There's, as an absolute measure, very few people actually in on this.
- tqi 6y agoThey have (had?) Robinhood