Feb 10, 2021 • 29M
M1 founder Brian Barnes on GameStop, longterm investing and crypto
Scott Kitun is joined by a rotating cast of tech and media personalities to break down the latest in startupland.
Robinhood may have taken center stage in the GameStop/WallStreetBets bonanza, but plenty of finance apps like M1 Finance were impacted by the freeze on certain stocks because of clearing firms. M1's founder and CEO Brian Barnes comes back on the show to discuss the the $GME fall out, why the situation was handled so poorly, why Apex Clearing prevented stock buys on M1's platform and how the fast-paced exchange of wealth reinforces M1's mission for long-term investing. Brian also shares with Scott what will have to happen to get cryptocurrencies as the next asset class onto the platform.