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

Of course, mankind would not have landed on the Moon in 1969, were it not for two things: conquered Nazi rocket technology and post-war anti-Communist paranoia in the United States.

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.

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