minus-squaresartalon@lemmy.worldtoTechnology@lemmy.world•Attacker gets away with up to $3 billion from BinancelinkfedilinkEnglisharrow-up7·2 days agoExactly. Stocks weren’t meant to be traded as a way to make money. They were meant to represent ownership in a company that payed out dividends. But then finance bros being finance bros, figured out they could gamble against a stock’s value and potentially make even more money. Then it became normalized. At least there are rules now and some oversite. It used to be a literal secret group of men, in a room, deciding value and who gets what. linkfedilink
minus-squaresartalon@lemmy.worldtoTechnology@lemmy.world•TP-Link opens global preorders for its first Wi-Fi 8 router, but ban keeps it out of US market — US left off launch list as FCC freeze refuses to thawlinkfedilinkEnglisharrow-up9arrow-down5·1 month agoYeah, the ban on TP-Link is for good reasons. linkfedilink
Exactly. Stocks weren’t meant to be traded as a way to make money. They were meant to represent ownership in a company that payed out dividends.
But then finance bros being finance bros, figured out they could gamble against a stock’s value and potentially make even more money.
Then it became normalized.
At least there are rules now and some oversite. It used to be a literal secret group of men, in a room, deciding value and who gets what.