Judd Legum

@JuddLegum ↗

Deleted No

Hibernated Yes

Last Checked Aug. 29, 2022

Created

Fri Jan 29 18:10:41 +0000 2021

Likes

653

Retweets

148

Source

TweetDeck

View Raw Data

JSON Data

View on Twitter

Likely Available

Judd Legum @JuddLegum

@RobinhoodApp 2. @RobinhoodApp is selling what is known as "order flow." Robinhood's biggest buyer of order flow is Citadel, which is also one of the hedge funds that bailed out Melvin Capital, which shorted a lot of GameStop stock — PolitiTweet.org

Posted Jan. 29, 2021 Hibernated

Preceded By

Judd Legum @JuddLegum

1. One thing we can leader from the GameStop situation is the nature of @RobinhoodApp and what kind of business it is in. It is free to use and free to make trades. So how does it make money? It sells trades generated by its users to hedge funds and others — PolitiTweet.org

Posted Jan. 29, 2021 Hibernated

Followed By

Judd Legum @JuddLegum

@RobinhoodApp 3. How much does Citadel pay @RobinhoodApp for order flow. Luckily, this information is publicly available through a required SEC disclosure. In September 2020 alone (last month available) Citadel paid Robinhood more than $30 million for order flow https://t.co/W8lOffZ1uX https://t.co/uiXCLqNUN3 — PolitiTweet.org

Posted Jan. 29, 2021 Hibernated