feotakahari: (Default)
feotakahari ([personal profile] feotakahari) wrote2021-01-29 11:56 am

While Robinhood is in the spotlight . . .

Let's remember that they've been fined millions of dollars on multiple occasions for ripping off their other clients to benefit Citadel: https://marketsweekly.ghost.io/what-happened-with-gamestop/ They get money from every trade Citadel makes on their platform, and in return, Citadel gets to jump the queue when buying stock and resell it to other customers at a slightly worse price. Also, Citadel is buying up part of Melvin now that Melvin's bankrupt from shorting Gamestop.

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