by MN Gordon
The Stress of Losing Billions
Up until the WallStreetBets crowd short squeezed Melvin Capital for a $7 billion loss, Robinhood had it made. But losing billions is stressful. And when your product blows up your customer the clucking that follows comes hot and heavy.
[…] One of the sweetest displays in the world, we’ve been told, is the bursts of digital confetti that shower down Robinhood’s investment app to celebrate the purchase of stocks, options, and cryptocurrencies. These digital confetti bursts – in addition to spinning prices and scratch off rewards – are great entertainment.
So, too, is watching the price of bitcoin quoted in neon pink. It just screams buy!