FinTech Magazine - March 2021

Page 7

BIG PICTURE

Betting against Wall Street New York, USA

Amateur investors using Reddit and the Robinhood app have caused a stir by causing their Wall Street counterparts to lose billions of dollars in a failed bid to short GameStop’s stock. Is this a temporary blip or the shape of things to come? Either way, the capability of fintech to democratise financial power is now undeniable.

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