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Robinhood taking advantage of society's gambling instincts: Buffett
short by Aishwarya Awasthi / on Sunday, 2 May, 2021
Warren Buffett criticised stock-trading app Robinhood during Berkshire Hathaway's annual meeting and said it was "taking advantage of the gambling instincts of society". "There is nothing illegal to it...but I don't think you build a society around people doing it," he said. Berkshire's Charlie Munger said it was "god-awful" that something like that would draw investment from "decent citizens".
read more at Reuters