The embrace of a new technology by ordinary people leads inevitably to its embrace by people of malign intent.

In a flash order transaction, buy or sell orders are shown to a collection of high-frequency traders for just 30 milliseconds before they are routed to everyone else. They are widely considered to give the few investors with access to the technology an unfair advantage, even by some of the marketplaces that offer the flash orders for a fee.

Technology giants have taken advantage of tax codes written for an industrial age.

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