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Robinhood admits it’s just a gambling app

Gamble if you want but don’t call it investing. 😂

Robinhood admits it’s just a gambling app [The Verge] – “But let’s be real about Robinhood for a minute. “Robinhood is the brokerage for fun gambling on meme stocks and meme cryptocurrencies,” Bloomberg’s Matt Levine noted back in 2021. A quick tour of Robinhood’s most recent quarterly earnings reports shows that an awful lot of its revenue growth is attributable to crypto trading.”

It is what it is!