Robinhood Is Not About the Democratization of Markets

Robinhood Markets Inc. has been on the forefront of the democratization of finance, which is the concept that a median Joe can play within the inventory market alongside the professionals. And again in January, they did, nuking a bunch of hedge funds betting in opposition to GameStop Corp. in one of many biggest quick squeezes of all time. Hollywood is filled with common Joe underdog tales, however is it true in actual life? Not, at the very least, within the markets, the place retail buying and selling of “meme shares” is, on steadiness, only a huge switch of wealth from the unsophisticated to the delicate.