Walmart to create fintech start-up with investment firm behind Robinhood

www.cnbc.com/2021/01/11/walmart-to-create-fintech-start-up-with-investment-firm-behind-robinhood.html?__source=androidappshare

Walmart has been aggressively expanding in the past couple years.

They’re looking to tap into healthcare and finance services and are becoming an in person Amazon, which provides not only every good you’ll ever need, but also every in person service.

READ  “Normally, only 2:1 margin is allowed. However, Robinhood traders are getting around this by using short dated out of the money calls options (with 15:1 margin). This has NEVER been the case, is new, and absolutely is what's driving up demand for TSLA's stock. When it reverses, it will be UGLY.”

With their large presence and high volume low cost model, I believe Walmart could really draw upon the pool of underbanked and fintech Americans.

Looks like a good time to expand your position.

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Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.

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