Robinhood Is a Perfect Example of Fintech’s Insidious Power
▻https://theintercept.com/2021/01/31/fintech-biden-nominees-robinhood
Biden’s team enters the regulatory fight with one hand already tied behind its back. This past week, we saw a perfect illustration of financial technology’s power. To spite “hedge fund bros,” retail investors led a surge in GameStop’s stock price largely through the trading app Robinhood. While progressives relished watching Wall Street’s old guard scramble amid the chaos, fintech firms like Robinhood — apps for lending, investing, and so on — certainly aren’t seeking an end to financial (...)