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Or you could look at it the other way: WallStreetBets used the Citadel hedge fund to destroy the Melvin hedge fund. Whose really driving the show here?
by okareaman 6y ago
Or you could look at it the other way: WallStreetBets used the Citadel hedge fund to destroy the Melvin hedge fund. Whose really driving the show here?
- _whiteCaps_ 6y ago> It's not clear whether the average joes know they're triggering Citadel's bots, or whether this is just Citadel's bet on frontrunning average joes paying off for Citadel. It's possible Citadel is the joes' patsy, and the joes are also Citadel's patsies. I wish I knew! There's so much misinformation going on here. I still can't find a clear answer about whether Robinhood was selling people's shares legally or not.
- yetihehe 6y ago> Remember, the "legitimacy" of a financial strategy isn't determined by its objective decency, but rather by the power of the people who deploy it.