Lottery based Savings company "Yotta" Founder repeatedly refuses to answer transparency questions, redditors are not amused

https://np.reddit.com/r/IAmA/comments/15fmkk0/tonights_mega_millions_jackpot_is_11_billion_ive/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=2

created by ZeTooken on 02/08/2023 at 06:59 UTC

252 upvotes, 5 top-level comments (showing 5)

Let's just focus on Yotta people.

Comments

Comment by AFUCKINGTWAT at 02/08/2023 at 07:44 UTC

65 upvotes, 0 direct replies

Well this AMA definitely went down in flames, his overall downvotes probably add up to way over 1000 and he seems to Cherry pick who he answers to and doesn't really defend himself against obvious criticisms

Comment by PerAsperaAdInfiri at 02/08/2023 at 08:50 UTC

42 upvotes, 1 direct replies

Anytime they are asked about odds for boxes, we get some real "rampart" type responses, but not nearly as amusing. Not a super entertaining disaster, but a disaster nonetheless

Comment by Not_your_CPA at 02/08/2023 at 15:50 UTC

21 upvotes, 1 direct replies

Objectively a bad competitor to any typical bank or something.

Objectively bad compared to playing the lottery in a traditional sense? I dunno. It seems like the target audience for this app is not the type of person that would otherwise be parking their cash in a CD or HYSA.

Comment by dugmartsch at 02/08/2023 at 17:07 UTC

11 upvotes, 1 direct replies

In 2021, Americans spent $105 billion on lottery tickets. That is more than the total spending on music, books, sports teams, movies, and video games, combined.

I mean, this is obviously wrong. Gaming in the US is huge. The mobile gaming market alone is close to 100bln.

Comment by livejamie at 02/08/2023 at 16:55 UTC

-2 upvotes, 0 direct replies

https://np.reddit.com/r/IAmA/comments/15fmkk0/tonights_mega_millions_jackpot_is_11_billion_ive/