finance
Robinhood’s Customers Are Hedge Funds Like Citadel. Its Users Are the Product.
The Wallstreetbets subreddit are furious after Robinhood stopped allowing trading on GameStop. Here’s how the “commission free” investing app makes money.
Investment Firms Are the Big Winners of the GameStop Stock Revolution So Far
Individuals spending hundreds or thousands of dollars on GME stock are up, but the positions of firms like BlackRock are worth billions.
People Are So, So Mad at GameStop Investors and FinTok Influencers
Social media influencers are giving bad financial advice within a bad financial system. Traditional investment advisors are asking people to be rational in a market that isn't.
A Notoriously Annoying-to-Cancel Gym Chain Finally Lets Members Do It Online
Blink Fitness added the option after pressure from lawmakers. Hopefully it's a sign more gym chains will give up this customer-unfriendly quirk.
SEC Fines Robinhood $65M After It Cost Customers Millions of Dollars
The commission-free investment app lost customers $34.1 million and misled them about how it makes money, the SEC said.
I Fell Into £4,500 of Debt While I Was Depressed – Here’s How I Climbed Out
Without having my fees waived, I have no doubt I would still be struggling with the debt I racked up.
Robinhood's Gamification of Investing Combines Surveillance Capitalism With Finance Capitalism
The investment app's interface oversimplifies investing to the point where new investors can get way in over their heads.
The Good News Is That John Kerry Believes In Climate Change
The bad news is he believes in market-led solutions that have already failed.
I Got into £8,000 Debt Funding My Lifesaving Gender Transition
I didn't want to wait for years in a body in which I felt like an imposter.
I Tried to Get Rich off Dropshipping – Here's How It Went
Touted as the latest get-rich-quick scheme, dropshipping is an attractive proposition. But, contrary to popular YouTube vids, is it worth your time?
Breaking Down Credit Scores with an Expert and a Kid
Credit isn’t that complicated until it goes bad. Then it can cause a world of headaches. Let’s get ahead of the curve by explaining things to an 11-year-old.