Pivot Who is profiting off Reddit stock threads? And the "Marshall Plan for Moms"
Feb 2, 2021
Reshma Saujani, the Founder and CEO of Girls Who Code, is leading an inspiring initiative called the 'Marshall Plan for Moms' to support mothers facing economic struggles post-pandemic. She discusses the alarming drop in workforce participation among women and the need for systemic changes like paid leave and affordable childcare. The conversation also covers escalating tensions between major tech companies and the impact of the Reddit stock frenzy on retail investors, highlighting the urgent call for transparency in the financial landscape.
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Order Flow and Its Implications
- Public, a trading platform, doesn't sell order flow, unlike Robinhood.
- Selling order flow raises concerns about potential misuse of retail investor data.
Who Profits from Market Volatility?
- Robinhood's restrictions were due to capital squeeze, not a conspiracy.
- Venture capitalists and established players profit from the market volatility.
Wealth Disparity and Rage
- Billionaires' wealth has increased dramatically, while minimum wage stagnated.
- Societal wealth transfer from young to old fuels justified rage.