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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://popular.info/p/the-merry-adventures-of-robinhood
The question is, who benefits? https://popular.info/p/the-merry-adventures-of-robinhood
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://popular.info/p/the-merry-adventures-of-robinhood
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://popular.info/p/the-merry-adventures-of-robinhood
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 http://popular.info/subscribe
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 http://popular.info/subscribe
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://popular.info/p/the-merry-adventures-of-robinhood
The restrictions are only being imposed on retail traders that rely on platforms like Robinhood
Two sets of rules. https://popular.info/p/the-merry-adventures-of-robinhood
