When Robinhood, a startup that promises to make finance accessible for all, temporarily limited trading on GameStop, AMC, and other memestocks, many retail investors were pissed that the fintech darling suddenly didn’t live up to its name. The specific reasons may have been short-term and technical, but the choice looked corrupt to the average person.
Here’s why: The presence of a massive hedge fund as a main Robinhood partner and supporter of the short-sellers is exactly what Robinhood users are rallying against. The obvious conflict shows that “democratizing finance” was always somewhat of an ironic tagline. Retail investors …
