" glitch — which enabled premium users to borrow seemingly endless amounts of cash and turn thousand-dollar deposits into million-dollar positions — showcased the dangers of turning investing into a game, one expert says.
"The infinite-leverage glitch in Robinhood evidenced how stock-trading apps have been built as video games and as gambling platforms," Dr. César Albarrán-Torres, a senior lecturer in media and communication at Swinburne University of Technology in Australia, told Business Insider.Robinhood and similar apps pitch themselves as tools to make investing"" regardless of users' experience level.
"The casualization of trading makes money more ethereal, like a token in a video game, so users tend to treat it as a game credit rather than actual cash," Albarrán-Torres said."This makes gaming the system not seem like a big deal, but rather a playful and inconsequential action."Online communities, where app users swap tips and share their experiences, may also be fueling the trend of treating investing like a game.
— a subreddit with the tagline"Like 4chan found a Bloomberg terminal" — detailed their use of the Robinhood"infinite money cheat code," posted photos showing their million-dollar positions, and egged one another on.about becoming an overnight celebrity after learning to trade options on the subreddit then turning less than $1,000 into more than $100,000 with two trades.
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