I've been trying to put together the narrative of what's going on with @RobinhoodApp, $gme, #wallstreetbets, and #HedgeFunds. Here's the summary product of that research.

THREAD

(FYI some of this info is anecdotal which I will note on the respective tweets)

1. Here's an awesome summary that I can't find the handle for the original user who made it. This lays the groundwork for how this run on the market went from a simple moonshot to david vs goliath.

2. We already know that Robinhood makes a large amount of it's money from @citadel (40%) who also just dumped 2 billion into Melvin capital. https://twitter.com/ClarityToast/status/1354791950369628164

3. Melvin Capital stands to lose billions due to their idiotic over leveraging on $gme and today we are seeing that other firms could stand to lose a total of $70 Billion combined.

https://markets.businessinsider.com/news/stocks/gamestop-stock-short-sellers-melvin-capital-citron-surrender-bets-gme-2021-1-1030010382 https://www.reuters.com/article/us-retail-trading-shortbets/losses-on-short-positions-in-u-s-firms-top-70-billion-ortex-data-idUSKBN29X1SW

4. We have anecdotal evidence from whistleblowers internal to the company (Robinhood) stating that some major players contacted the C-Suite this morning RIGHT BEFORE the restrictions were put in place. https://twitter.com/justinkan/status/1354861746897346560

5. Then once those restrictions were put in place we've started to see screenshots of @RobinhoodApp users shares being sold off without their consent.

6. Once all these restrictions were in place and retail investors were up shit's creek we started to see short laddering. Basically the hedges were driving the share price down by rapidly selling amongst themselves. Why would they do that??? https://twitter.com/traesop/status/1354856069961539589

7. Finally seeing all this go down SHOULD make any rational person have, at the very least, SOME suspicion about what is actually going on. Because as someone on the retail side of this it looks VERY SUSPICIOUS.

8. Vlad went on @cnbc last night to make some remarks about what/why restrictions went into place. He specifically went out of his way to emphasize "there was no liquidity problem"

Time will tell if he was being truthful.

9. Now it's friday and we're finding that not all investors were restricted from buying shares in $gme, $bb, $amc, and other momentum driven stocks. Hedges were allowed to continue business as usual while retail investors were left with no way to compete. https://twitter.com/EconShiller/status/1354903709029785601