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On that note, the stonks crowd have already sentenced Robinhood to death even though the facts of the case have been wildly misrepresented. The belief that Cita
by tootie 6y ago
On that note, the stonks crowd have already sentenced Robinhood to death even though the facts of the case have been wildly misrepresented. The belief that Citadel et al was out to get them and pulled strings to make it happen took hold with religious fervor even when the evidence says that's not what happened at all.
- hntrader 6y agoI mostly agree, but the only evidence we have is Robinhood's word which industry people seem to have taken as gospel. It's not implausible that they're lying, given that Citadel is their biggest customer, and they could've done what they did without breaking any laws, e.g. by purposely failing to arrange the appropriate credit lines in time, thereby guaranteeing that they'll be able to go "oops, we don't have the capital, we have no choice but to shut her down now".