Judd Legum

@JuddLegum ↗

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Last Checked Aug. 29, 2022

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Thu Jan 28 16:25:40 +0000 2021

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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

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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

4. Remember, big-time traders on Wall Street can still buy, sell, short, or buy options on GameStop or any other stock. The restrictions are only being imposed on retail traders that rely on platforms like Robinhood Two sets of rules. https://t.co/26pyBtj4ec — PolitiTweet.org

Posted Jan. 28, 2021 Hibernated