• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
InvestingMarkets

A 24-year-old CEO convinced his parents to open a custodial account in second grade. He fears meme stocks inflate Gen Z’s dreams of getting rich quick

By
Nino Paoli
Nino Paoli
Former News Fellow
Down Arrow Button Icon
By
Nino Paoli
Nino Paoli
Former News Fellow
Down Arrow Button Icon
December 18, 2025, 10:06 AM ET
Photo of Steven Wang
Steven Wang, the 24-year-old CEO of trading platform Dub, hopes to bridge Gen Z’s financial literacy gap by copying experts’ investments.Courtesy of Dub
Add Fortune on Google for similar content.

When Steven Wang was in second grade, he convinced his parents to open a custodial stock account. Now 24 years old, he’s running Dub, a copy-trading platform aimed at solving the financial literacy gap among his peers.

Recommended Video

A Harris Poll survey commissioned by Dub in June highlights the contradiction: While 60% of Gen Z and 66% of millennials are investing in the stock market outside of their 401(k)s, just 17% of Americans feel “very confident” in their understanding of how markets actually work. Most believe investing, rather than a traditional nine-to-five career, offers the fastest path to wealth—a dream increasingly shaped by viral TikTok finance videos or meme-stock success stories rather than grounded investment knowledge, Wang told Fortune this summer.

Copy trading, the concept underpinning Dub, allows everyday investors to automatically replicate the trades of more skilled market participants in real time. Instead of picking their own stocks, users can select vetted traders, hedge fund veterans, and other experienced investors to follow. Whenever those investors make a move, the same trade is executed in the user’s account, mirroring strategies and outcomes. 

“The ultra-wealthy are already betting on smart people to deploy their capital,” Wang said. “We’re bringing that experience to regular Americans.”

Wang grew up 20 minutes outside Detroit, the child of poor Asian immigrants who both worked in the auto industry. He watched the city’s decline after the Great Financial Crisis and the auto industry’s blows to blue-collar families, an experience that shaped his desire to build a more stable financial future for himself.

A self-described “hustler,” Wang sold Pokémon cards on the playground and flipped Air Jordans in grade school. Growing up, he nerded out on Warren Buffett books and Howard Marks memos, fueled by a self-professed “childish” vision to get rich through stock market investments.

“I really learned the hard way,” Wang said. “I’m competing against hundreds of thousands of people on Wall Street trading for a living…[who] have decades of investing experience over me.”

By the pandemic, he was day-trading from his Harvard dorm room—watching waves of new investors enter the market and lose big to “hype, misinformation, and bad timing.” Wang said that’s when he decided the tools of professional investors should be accessible to everyone.

Dub is built to merge the accessibility of social media with the discipline of professional investing, Wang said. Users browse creators’ portfolios, analyze performance metrics, and choose investors to copy, with trades executed automatically in their own accounts. Creators are vetted, regulated, and compensated through royalties when others follow their portfolios—aligning incentives toward consistent performance rather than one-off meme stocks.

And the demand is there: Dub nearly tripled its trading volume quarter-over-quarter, surpassing $500 million in the past quarter, Wang told Fortune in December. New creators on the platform grew by 50% in the same period, he added.

“More people are trusting our creators to do the hard work with transparency and discipline, and that trust is what will help us become the most credible long-term investing platform for our generation,” Wang said.

Wang’s case for copy-trading

Wang doesn’t avoid the paradox of Dub: The company leverages the power of influencers, but also tries to build a layer of trust and accountability, he said.

“Every portfolio on Dub has a transparent track record,” Wang said. “You can see exactly how each creator has performed over time. This isn’t about hype or going viral, it’s about verified results.”

Still, the platform operates in a market dominated by what Wang calls “FinTok”—financial influencers on TikTok and Instagram reels whose bite-size videos have become a primary source of investment advice for 62% of Gen Z, according to the Harris Poll survey. Wang understands the appeal: “Creators on TikTok can probably communicate better with my generation than any stodgy financial advisor can.” But he warns that social media’s lack of accountability can be dangerous. 

“If someone’s wrong on social media, they just delete the video and move on,” he said. 

A resurgence in meme stocks—shares pumped by online communities and detached from fundamentals—reflects a generation with both the desire to make money quickly and a reluctance to put in the harder, slower work real investing requires.

Wang insists Dub is not about replicating that behavior under another name. The difference, he says, is a platform with regulated, vetted professionals, transparent performance data, and trade rationales written directly in the app. Users get more than a button to copy trades—they also see the thinking behind them. 

“Dub’s not a substitute for deeper learning,” Wang admits, but it aims to make the process less intimidating while promoting gradual understanding.

Wang took steps to build trust with users from the moment he conceived of the app, and Dub spent over two years working with the SEC and FINRA before launch, registering as a broker-dealer and investment advisor, and ensuring accounts come with standard investor protections, he said.

Wang believes in the markets as “the greatest wealth generator in the world,” but wants his generation to approach them with even more caution than he had as a new investor in the past.

“That’s the gap Dub is trying to close,” Wang said. “We’re here to build trust, not trends.”

A version of this story was published on Fortune.com on Aug. 15, 2025.

More on Gen Z finances:

  • Gen Z’s reality check: Birkin resale prices slump as aspirational luxury takes a hit
  • As millions of Gen Zers face unemployment, McDonald’s CEO dishes out some tough love career advice for navigating the market: ‘You’ve got to make things happen for yourself’
  • Meet a 23-year-old cybersecurity influencer who gets hundreds of TikTok messages a day from Gen Z job seekers hungry for career advice
The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Nino PaoliFormer News Fellow

Nino Paoli is a former Dow Jones News Fund news fellow at Fortune.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Investing

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Investing

Nike’s earning numbers exceeded Wall Street’s expectations. But CEO Elliott Hill’s next test is the World Cup
RetailNike
Nike’s earning numbers exceeded Wall Street’s expectations. But CEO Elliott Hill’s next test is the World Cup
By Mia OsmonbekovJune 30, 2026
6 hours ago
mill
InvestingWealth
America added more than 1,200 millionaires per day in 2025, but the heyday of the ‘everyday millionaire’ is already over
By Nick LichtenbergJune 30, 2026
11 hours ago
Top CD rates from major banks June 30, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceCertificates of Deposit (CDs)
Top CD rates from major banks on June 30, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJune 30, 2026
13 hours ago
Current price of Bitcoin for June 30, 2026
Personal FinanceCryptocurrency
Current price of Bitcoin for June 30, 2026
By Joseph HostetlerJune 30, 2026
13 hours ago
Current price of Ethereum for June 30, 2026
Personal FinanceEthereum
Current price of Ethereum for June 30, 2026
By Joseph HostetlerJune 30, 2026
13 hours ago
powell
InvestingSports
Premier League Lacrosse adds Rob Mac, Glen Powell to investors group in historic $100 million funding round
By The Associated PressJune 30, 2026
14 hours ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
6 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
1 day ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
4 days ago
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
AI
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
By Catherina GioinoJune 29, 2026
1 day ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
3 days ago
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
Commentary
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
15 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.