How Robinhood Gamified Online Trading into Meme-Stock Fueled Addiction

Is Robinhood bad or good? Is Robinhood legit or evil? Robinhood was founded by Vlad Tenet to democratize access to financial markets through commission free stock trading. But the company’s suffered a series of scandals, including one of Robinhood’s users committing suicide and a record fine from regulators after misrepresenting its users cash balances. Not to mention the Gamestop meme stock saga. Ask two different people, and the company is either a hypocritical fraud serving the hedge fund elite through payment for order flow, or a savior to the next generation of aspiring investors. In the wake of Robinhood’s IPO and massive popularity as an onramp for millions into crypto investing (especially Dogecoin and Shiba Inu), we’re going to dig into exactly whether the company is indeed a hero like it’s namesake or something more nefarious, and what it says about the future of the Robinhood.
0:00 Robinhood - Robbing the Rich or the Poor?
0:49 Robinhood’s Disruption
3:32 Robinhood’s Run-Ins with the Law
6:17 Robinhood’s Fatal Flaw
9:23 What’s Next for Robinhood?
Check out some of my other video essays, like this take on the $ Trillion Metaverse Arms Race and who is going to win it:
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[@maxpeterson8047]

Great video Wayne!

[@nogatekeepers]

Thanks 👍 Glad you enjoyed it!

[@krishnakanthchiravuri9741]

This content is amazing! Love it.

[@nogatekeepers]

Thank you! Glad you liked it!

[@katel3962]

Mind blown 🤯 This video, by far, is the most informative and well-produced regarding Robinhood. 👏👏👏

[@nogatekeepers]

Thanks!!

[@orpheusfpr1930]

I´d really appreciate some sources of your research especially when it comes to "RobinHoods Fatal flaw", it is a very interesting topic so it might be beneficial to read some scientific research about it

[@amanbasanti866]

Great video Wayne. Enjoyed hearing both sides of the story.

[@nogatekeepers]

Thanks Aman!

[@maryshellsmith6627]

My son lost 30K in one year on Robinhood. I’m sure he’s not the only one. Robinhood is not for investors. It is for gambling. No serious investors use Robinhood. It turned my son into a gambling addict. Real investors would never use Robinhood. He had no experience, and wanted to invest, and he turned into a trader. A gambler. It totally consumed him. All he did was focus on what was happening in the Market. The highs were high on green days, and the lows were low on red days. I think Robinhood should be mandated to warn people they could become a gambling addict when they sign up. Robinhood is PURE EVIL. 👿

[@nogatekeepers]

So sorry to hear that. Agree with you