Comment on Robinhood admits it’s just a gambling app.
taanegl@lemmy.ml 3 weeks agoIt 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.
FlashMobOfOne@lemmy.world 3 weeks ago
Please go look up the Dow as if October 1994.
Thank you.
taanegl@lemmy.ml 3 weeks ago
No.
Please read my original post again. Did I say “was and always has been” or did I say “is”?