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 . fintechmagazine . com 7