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CNBC’s Jon Fortt on GameStop, Robinhood, and wallstreetbets

Decoder with Nilay Patel

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The Ethics of Free Trading: WallStreetBets and Robinhood

This chapter explores the dynamics of the WallStreetBets community on Reddit and its influence on trading via platforms like Robinhood. It raises ethical questions about the payment for order flow model and its impact on privacy and market integrity, questioning whether free trading truly democratizes finance. Additionally, the discussion touches on regulatory reforms necessary to balance investor protection and market stability in the wake of phenomena like the GameStop surge.

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