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This 12 months, the company can be specializing in cryptocurrency and establishing its Facebook Pay feature. Our information reporters, scientists, philosophers, politicians, corporate officers, and conservative think tanks will keep telling us again and again: "The five billion dollars that rich folks spent on new expensive cars final yr is proof that you're free." They might assert that it's proof that anyone can rise to that stage of wealth. It was the No. 1 free app on both Apple's and Google's app shops final week. The app was a pioneer in commission-free online buying and selling with a acknowledged mission to "democratize finance." The product was tailored to serve that ethos and enchantment to folks with little experience within the stock market. LET THE People Trade! If Robinhood is a game, Analysis extra persons are coming to play. Amid the current inventory market chaos, Robinhood last week disabled buying and selling for GameStop, AMC and other corporations focused by the Reddit crowd. Robinhood has already taken heat from lawmakers and regulators over the previous few months. In June 2020, a faculty scholar named Alexander Kearns killed himself after seeing a destructive stability of greater than $700,000 in his Robinhood account, though a few of his trades had been incomplete.
