How trading apps are responding to the GameStop fustercluck

How trading apps are responding to the GameStop fustercluck

3 years ago
Anonymous $K6XgmDN5_o

https://techcrunch.com/2021/01/27/how-trading-apps-are-responding-to-the-gamestop-fustercluck/

The furor surrounding GameStop and its stock price has consumed social media, business television, and the hopes and dreams of many retail investors. It has even convinced some folks that causing short-term economic damage to a few hedge funds is similar to shaking up the global financial market.

It isn’t, but a lot of folks are doing some downright risky things with their personal capital all the same. And some of them are making those investments — bets, let’s be honest — on platforms that have lowered barriers to buying and selling stocks by cutting trading fees to zero. Apps and services like Robinhood, Public, M1 Finance and Freetrade.