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What democratization of finance sounds like on Clubhouse
Audio chat app Clubhouse has enabled solo investors to build their own digital trading floors. Why it matters: The live, audio-only aspect of Clubhouse gives retail investors a way to mind meld with more decorum than other platforms, and a way to pick up on insights hard to find elsewhere. The big picture: Retail trading activity kicked up during the pandemic and coincided with the rise of Clubhouse, which turned one year old in mid-March. • Individual investors contributed roughly 20% of stock market action on average as of July last year, up from 10% in 2019. • Meme stocks and the SPAC boom have been two key ... (full story)