LogFAQs > #950028094

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Topic	Politics Containment Topic 362: Now With Diet Coke Button
HeroDelTiempo17 01/28/21 5:42:47 PM #394:	KamikazePotato posted... Hedge funds put pressure on Robinhood (most popular stock trading app) to disallow people from buying GameStop stock - you can now only sell on it It is worth noting that one of the firms involved is Citadel Capital, who is invested and partnered with Robinhood. Robinhood was likely making money by selling their transaction data to Citadel. They're both profiting from this and getting screwed here, but Citadel would have had access to all this data before and as it was going down. The "failed bailout" of Melvin could just as well be them buying up a competitor that went under. It's a total mess. --- I definitely did not forget to put the 2020 GOTD Guru winner, azuarc in my sig! <cite>HeroDelTiempo17 posted [p:950028094] in Politics C... [t:79256670]...</cite> <quote>KamikazePotato posted... </cite> <quote> Hedge funds put pressure on Robinhood (most popular stock trading app) to disallow people from buying GameStop stock - you can now only sell on it</quote> It is worth noting that one of the firms involved is Citadel Capital, who is invested and partnered with Robinhood. Robinhood was likely making money by selling their transaction data to Citadel. They're both profiting from this and getting screwed here, but Citadel would have had access to all this data before and as it was going down. The "failed bailout" of Melvin could just as well be them buying up a competitor that went under. It's a total mess. --- I definitely did not forget to put the 2020 GOTD Guru winner, azuarc in my sig!</quote> ... Copied to Clipboard!
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