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It's not a meme about citidael I've never heard anyone praise them. They churn and burn. Plus what are they even doing? Turning a dollar into a dollar five. Tha
by paulie_a 7y ago
It's not a meme about citidael I've never heard anyone praise them. They churn and burn. Plus what are they even doing? Turning a dollar into a dollar five. That's really making people's lives better.
- vasilipupkin 7y agoIt may seem counterintuitive, but turning a dollar into a dollar five actually makes people’s lives better. Many of citadel’s investors are teacher, firemen pension funds. Even beyond that, Citadel gets paid for essentially contributing to liquidity in financial markets. And, liquid and well functioning financial markets are critical to a well functioning society.
- notfromhere 7y agoI don’t think it’s much different at Facebook, Amazon, or Google