Apple was quietly working on a stock purchasing feature on iPhone, now shelved

Remember the Gamestop short squeeze of 2021? It could be the reason that Apple shelved a feature that would allow you to buy and sell Stocks on the go directly from your iPhone. A report came out just this week on why this may have happened. 

Sources told CNBC that the feature would be in collaboration with Goldman Sachs and would add to Apple’s suites of financial apps. Initially, Apple was working on this feature in 2020, when consumer stock trading was at a high. Though it’s a movement founded on criticizing those who benefit most from stocks, the GameStop meme stock situation led many to believe that more passive consumers could enter the market.  

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