Comment on Robinhood admits it’s just a gambling app.

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taanegl@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago

It is gambling, because dark pools. That is the house. You’re not trading the actual stock. The financial institutions do that. You buy stock from them, and they in turn give you a fake number and invest it in all secrecy.

In essence, you’ll get your money, but they will handle the profits. So it is a rigged slot machine.

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