I closed my eyes for a few moments and damn, the retail rebellion has begun. What’s crazy about that is when domestic terrorists stormed the capital and tried to blow up our democracy, the S&P 500 rallied up 3%. When Robinhood limited a bunch of newbie traders from buying individual shares of GameShlock, the entire financial system blow’d the fuck up. We truly have lost our minds. For 20 years now the team at tasty has been disrupting the financial system by building technology and content for the retail investor. We absolutely led the charge. In fact, the guys who started Robinhood, learned the business trading on thinkorswim. So, it’s all our fault! We never should have revolutionized this crappy, old stale industry. It’s our fault for building cool technology and also our bad for creating intelligent and challenging content. Not to mention free commissions. OMG, what have we done? I blame the Bat.
Imagine, there’s now an entire generation that’s going to grow up understanding finance and not having to learn about it in a dark alley. Is it really a surprise to anyone that nobody wants a robo-advisor, a challenger bank, or Paypal to manage their money? Or, do you really want to call your parent’s advisor at Raymond James or Schwab. Please! If you’re like me you would rather burn your money. So, what’s the world going to look like with a more financially literate consumer? In my opinion, what is happening now is a great thing. Albeit all revolutionary achievements are not immediately appreciated. But, as long as PR greedy politicians don’t mess things up by trying to get involved, the system will police itself and the financial world will be a better place. The foundations of economic growth are built on the strategic and financial understanding of market structure and investable products. BTW, Robinhood is not a monster. Like tasty, they are a facilitator of opportunity. They just didn’t do a good job of managing their growth. In fact, they butchered a sure thing. Their know-how and their technology was obviously weak and now they are paying the price. Still, if WeWork can survive and thrive, so will they. As for GameShlock, history will not be kind to this event, and most likely, GME will not survive and eventually, it will be delisted. The Reddit masses will find a new hero but I doubt they will find another perfect storm like GME. So good luck tastynation and stay small. And when someone asks what platform you trade on, tell them it’s the one that started this whole mess. It’s also the one that’s fast, stable, and has no trading restrictions.
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