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I've also seen some speculation that Citadel may have been intentionally amplifying the short squeeze caused by Redditors, and then getting a sweet deal with Me
by semi-extrinsic 6y ago
I've also seen some speculation that Citadel may have been intentionally amplifying the short squeeze caused by Redditors, and then getting a sweet deal with Melvin capital by injecting money the latter sorely needed in exchange for a share of future revenue.
I don't understand exactly how the math works out there to be able to evaluate if it was an extra good deal or not, but I find it credible that institutional investors jumping on the Reddit hype would be necessary in ordet to sustain the kind of momentum we are seeing.
Edit - or as people on Twitter put it:
any story that doesn't say how, past the retail ignition, the rocket ship was mostly intra-fast money warfare, simply isn't telling the truth
https://twitter.com/zatapatique/status/1354904995901136896?s=19 https://twitter.com/zatapatique/status/1354904995901136896?s...
- deleted 6y ago[deleted]