"there is another theory. This theory is that the stock market is a fun casino, and you should buy stocks because they will go up and down in exciting fashion and might make you rich quick"

Matt Levine summarizes at length the lunacy that is Hertz selling $1 billion in stock while in bankruptcy.

Also:

Since Robinhood is such a thing now I’d like to direct you to @David_Ingram’s piece from September on how the app is basically designed to be a smartphone casino:https://t.co/uzbad0ADCh pic.twitter.com/cJsF2oBTio

— Jason Abbruzzese (@JasonAbbruzzese) June 12, 2020