[https://www.esquire.com/news-politics/a35350531/robinhood-stop-gamestop-trading/](https://www.esquire.com/news-politics/a35350531/robinhood-stop-gamestop-trading/) “Robinhood is, as of Thursday morning, a stock-trading app in which you are not allowed to buy stocks. Well, certain stocks—the ones that some rich and powerful people bet against. The big one is GameStop, but there's also Blackberry, AMC, Express, Bed Bath and Beyond, and Nokia. When those stocks went up big this week, thanks to a surge of interest generated on Reddit—a phenomenon that does not, at this point, seem to have been illegal—some of these hedge-fund types lost their shirts.”

It does not appear to this layman as if Robinhood is "democratizing finance for all." It looks like a bouncer working for the guys who own the club.

Appreciate this candidness, Jack. Great work. If the stock market was ever really a mechanism for companies to raise funds for expanding their operations or research and development, it ain't that anymore.