Robinhood, an American trading platform that brought retail investing to the masses, went public this week
has just sworn in a Marxist as its president and independent institutions are under attack in Brazil, India and Mexico. Bad policymaking is also a factor. China’s ongoing suppression of its tech companies could cost its economy, and its people, dearly in the long term. Catching up is hard to do.
A daily email with the best of our journalism, went public this week. Before doing so, it reserved a chunk of its shares for direct sale to retail investors. That was fitting: its fortunes are tied to the craze for meme stocks, fuelled by online forums and lockdown-induced spare time. The quest for success in fintech is, of course, a global one.
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