Judd Legum

@JuddLegum ↗

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Last Checked Aug. 29, 2022

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Thu Jan 28 16:22:15 +0000 2021

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Judd Legum @JuddLegum

@RobinhoodApp 2. Important to understand is that @RobinhoodApp does not charge retail traders to trade stock. Those small-time traders are not its customers. It uses those trades to generate trades which it then sells to hedge funds like Citadel to fulfill. https://t.co/26pyBtj4ec — PolitiTweet.org

Posted Jan. 28, 2021 Hibernated

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Judd Legum @JuddLegum

1. By allowing SELLING but not BUYING of GameStop, retail trading platforms like @RobinhoodApp are manipulating the stock price. The question is, who benefits? https://t.co/26pyBtj4ec — PolitiTweet.org

Posted Jan. 28, 2021 Hibernated

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Judd Legum @JuddLegum

3. So hedge funds, not small-time traders, are @RobinhoodApp's real customer It needs the small-time traders so it has something to sell. But it's the hedge funds that pay the bills Sign up for the newsletter for updates and accountability journalism https://t.co/TfpCItdVSo — PolitiTweet.org

Posted Jan. 28, 2021 Hibernated