@chamath@RobinhoodApp Robinhood was a great app with benign intentions to help the retail investors until they realized they had to play the Prime brokerage game with the devil.
@theallinpod@chamath is right about arbitrary margin requirements being implemented by citadel. They're the root of the problem by dbl dipping. Robinhood too chicken shit to admit being bullied. Likely scenario.
I’d like to take a moment to recognize International Holocaust Remembrance Day and the millions of lives lost during such a dark period of history as well as the millions of lives still impacted on a daily basis by antisemitism.
CEO of @SolstarPharma said if it had the support of the Canadian govt last spring it would be in clinical trials now & ready to begin production at home in #Canada. Instead, it's being fully funded in the US. A Canadian solution, had to go elsewhere #cdnpoli#covidCanada#cdnnews
Cat wait for this beauty to come out.
Our Trip Together: Why Psychedelics Will Be the Most Important Industry Humanity Will Ever Build [Pre-Order] https://t.co/PfTia3MSjk
@Jason@coinbase I hope the clean this part of crypto world up. @Jason do you think they are just abusing loopholes? There are so many issues with crypto and until we see unity amongst currencies SEC will solve nothing.
@TheDeepDive_ca Because....we will now have to wonder if a minority person is an actual board moment or a placeholder. Whereas if we saw one on a board before it was meritocracy.
Wall Street won't reinvent finance.
Hollywood won't reinvent filmmaking.
Venture capitalists won't reinvent venture.
Career politicians won't reinvent politics.
Innovation rarely occurs from the inside.
Difference between IPO and RTO due diligence is the perceived time it takes to conduct, not necessarily the quality of DD that multiple sell side houses provide.
EVERY DEAL ONCE UNPACKED HAS HOLES IN ITS PLAN. Doesn't mean it's future is bleak.
https://t.co/0IUWL47aYG
IIROC/OSC should be looking into ways to allow retail investors (non accredited) to participate in private placements through their online discount brokerage. Short sellers are at a massive advantage when they are the only ones offering to put cash on issuers balance sheets.
@TheDeepDive_ca@crowkneecapital This used to happen at shops like swift trade, and they were closed down. BoE used Lloyds,Barclays to market-make their LIBOR rates, and also got fined. If you're big enough they fine you. If you're irrelevant to them, they close you down.