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>Why should Robinhood pick a winner (siding against their own customers)? Because Robinhood's actual customer is Citadel, not the retail people making the trad
by alasdair_ 6y ago
>Why should Robinhood pick a winner (siding against their own customers)?
Because Robinhood's actual customer is Citadel, not the retail people making the trades.
Citadel gave $2.7BN to Melvin Capital a couple of days ago. It stands to lose that money if Melvin (and Citron etc.) can't fully cover their short positions.
A good way to make the stock price go down and allow Citadel to make money, is for RH to only allow selling and not buying of GME.
It's utterly appalling market manipulation.