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/biz/ - Business & Finance

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26906016 No.26906016 [Reply] [Original]

btdubs robinhood didn't halt trading just because they hate you, they did it because Citadel made them. Robinhood can't actually place your order themselves, they need to go to a market maker to find a counterparty for you. Citadel actually pays robinhood for this, because your trades are free money for them - they overcharge you on the spread, and they place their own trades immediately before yours to take advantage of price movement. They're the ones who want you to lose money: they bailed out the biggest hedge fund shorting Gamestop, Melvin, so now they own a huge chunk of that fund. So now that they want the shorts to win, and the retail traders (you) to lose, they told robinhood to get lost, they just wouldn't be accepting buy orders on these stocks. Just sells. (This has never happened before.) Only then did Robinhood turn around and stab its retail traders in the back - because, of course, you're not their customer. Citadel is their customer. You're their product.

>> No.26907572
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26907572

>>26906016
well when you say it like that. . .

>> No.26908629

>>26906016
that's a man

>> No.26909365

>>26906016
Dude if she farts he’s done for