Robinhood Is a Perfect Example of Fintech’s Insidious Power

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 capitalism.
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