This article was originally published on The Conversation in March 2021, ahead of Robinhood’s initial public offering. The company went public in July 2021. The original article, which mentions pre-IPO Robinhood, is reproduced below: [https://www.ft.com/content/81e9871b-5d12-480b-87a8-454b69e11958] Wall Street has long been likened to a casino. Robinhood, an investment app that just filed plans for an initial public offering, makes the comparison more apt than ever. That’s because the power of the casino is the way it makes people feel like gambling their money away is a game. Casinos are full of mood lighting, fun noises and other sensory details that reward…
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