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

submitted 1 day ago by Dot@feddit.org to c/technology@lemmy.world

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[–] Flocklesscrow@lemm.ee 2 points 7 hours ago* (last edited 7 hours ago)

I don't disagree, but it's the whole REASON the SEC was created in 1934.

If anyone needed further proof of end-stage capitalism, it's this goddamn insistence on regressive everything.

Anything deemed "Too Big To Fail" is also a national security risk. Nationalize the whole firm, send the executives off with whatever loot they already have, and ironclad legalese to prevent them from ever setting foot in a financial market again.