Robinhood admits it’s just a gambling app
www.theverge.com
That’s what the presidential betting market is all about!
  • db2@lemmy.worldEnglish
    20·
    20 days ago

    They must not be worried about pissing off Citadel anymore. I wider what that means.

      • Snowclone@lemmy.worldEnglish
        5·
        20 days ago

        Even before that they have been accused of not buying stocks ordered by users, then buying at sell order and waiting for the price to raise to sell so they get a profit. It’s been questioned a long time.

  • Spiralvortexisalie@lemmy.worldEnglish
    111·
    20 days ago

    All these copium defend the market takes, you telling me Tesla, a failed venture living off government subsidies, is worth 16x more than the hundred year old Ford that actually makes a profit without fraud?

    • Ilovethebomb@lemm.eeEnglish
      29·
      20 days ago

      Ford are up to their eyeballs in debt, and they completely gave up on making affordable cars, which is the market segment that made Ford what they are in the first place.

      Tesla actually makes vehicles normal people can afford to buy and run, so yes, they are worth more than Ford.

      • GiveMemes@jlai.luEnglish
        91·
        20 days ago

        People can’t afford Ford anymore

        Reality, in which the ford f series is the most sold vehicle for the past 42 years

        Pick one

        Ford is moving its prices upwards because people want and pay for what they’re offering, very clearly given the statistics we have. Also to say that tesla is the brand regular people can afford when both brands have ev trucks and one has a starting msrp almost 30k more than the other is kinda hilarious.

        Lastly, ford has a vehicle with an msrp of 23,920 while the lowest priced tesla vehicle is 38,890 dollars. Even taking gas savings over 5 years into account, ($4,223 if you happen to live near my area and drive about 10k miles per year) the tesla is significantly more expensive. Clearly, tesla is not the company concerned with the common man. To make that point even more clear though, one needs only to compare tesla to the Korean and Chinese EVs that are being offered at significantly lower prices.

        • Ilovethebomb@lemm.eeEnglish
          1·
          20 days ago

          Talking about affordable cars, and then going on about F series trucks, is pretty out of touch.

          And I’m not sure what vehicles they sell where you live, but they’ve stopped selling the Mondeo, focus, and Fiesta, the smallest brand new Ford you can buy near me is a mustang.

          • GiveMemes@jlai.luEnglish
            21·
            20 days ago

            Maverick.

            According to the American consumer, they are affordable, or else they wouldn’t be the most popular new car.

            Also, you were the one that brought up affordability.

            I drive a 90s volvo and you can pry it from my cold dead hands. I have no intention of buying a new vehicle any time soon. It has nothing to do with me being out of touch and everything to do with statistics concerning vehicle sales.

  • Aatube@kbin.melroy.org
    6·
    20 days ago

    Let’s pause — I would like to reflect on this incredible phrase, about an asset class that democratizes access to events as they unfold. See, I thought we all had access to the events of the election because we all exist in reality and can find out about them. But apparently, if we can’t gamble on an event, it isn’t happening. This is a fascinating vision of metaphysics, and I would like to hear more about it. No one bet on my birth, for instance, and thus there is no asset class relating to my existence. So am I real?