Judd Legum

@JuddLegum ↗

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Last Checked Aug. 29, 2022

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Tue Nov 16 13:45:27 +0000 2021

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Judd Legum @JuddLegum

3. When Robinhood limited the ability to trade GameStop, tanking the price, some questioned whether they did it to benefit Citadel. Citadel and Robinhood vociferously denied they colluded The internal messages paint a more complex picture https://t.co/EmcJh4Ejex — PolitiTweet.org

Posted Nov. 16, 2021 Hibernated

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Judd Legum @JuddLegum

2. The core issue is that Citadel has two roles - Citadel makes bets on stocks. Citadel bailed out another hedge fund that made a huge bet shorting GameStop. - Citadel is a market maker. It buys "order flow" from Robinhood and facilitates trades. https://t.co/EmcJh4Ejex — PolitiTweet.org

Posted Nov. 16, 2021 Hibernated

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Judd Legum @JuddLegum

4. The complaint of the class action lawsuit alleges "the day before the restrictions were implemented, high-level employees of Citadel and Robinhood had numerous communications with each other that indicate that Citadel applied pressure on Robinhood" https://t.co/EmcJh4Ejex — PolitiTweet.org

Posted Nov. 16, 2021 Hibernated