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Robinhood admits it’s just a gambling app. (www.theverge.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 1 month ago (1 children)

What? The stock took a huge hit after that reveal. It's a cult of personality.

[–] [email protected] 9 points 1 month ago (1 children)

Yeah, because the market went from having the opinion of "I'm 80% sure that Tesla is going to do this robo taxi, automaton thing" to " I'm 65% sure that Tesla is going to do this robotaxi, automaton thing". Things are rarely all or nothing with the market.

[–] [email protected] 3 points 1 month ago

I'm 80% sure he's going to do it, and 100% sure it'll be a disaster if he does.