Rep. Sean Casten

@RepCasten ↗

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Last Checked Oct. 21, 2021

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Tue Oct 05 17:32:43 +0000 2021

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Rep. Sean Casten @RepCasten

To the public, @RobinhoodApp purports to be a democratizer of finance. To lawmakers, they claim to be a tech company. In neither case do they make a claim to maximize investor value. Robinhood’s algorithms are designed to feed fish to sharks. 4/ https://t.co/me4rPxE9I6 — PolitiTweet.org

Posted Oct. 5, 2021

Preceded By

Rep. Sean Casten @RepCasten

With users’ real money at stake, @Robinhoodapp leverages gamified design to generate behavioral loops to push users - many of whom aren’t even old enough to gamble at a casino - not only to spend more minutes engaged, but to make more trades. 3/ https://t.co/dhfCZ0Inhm — PolitiTweet.org

Posted Oct. 5, 2021

Followed By

Rep. Sean Casten @RepCasten

In theory, there's no reason why responsible gamification couldn’t teach financial literacy & encourage responsible investing. But in practice, an app drawing young, inexperienced investors into high-volume day trades & complex options is not prioritizing users' safety. 5/ — PolitiTweet.org

Posted Oct. 5, 2021