The masters of the universe know their shady activities won't survive the light of day. If @Citadel's CEO Ken Griffin & others thought they could win a case on the merits, they wouldn't file lawsuits in Texas where they know they'll win in the biased kangaroo courts. 2/2
Using economic power to buy political power isn't enough for @Citadel's CEO Ken Griffin; he's also now suing @SECGov to stop it from having effective tools to stop fraud in the equity mkts. What is he afraid of? https://t.co/vesrgf9ggP @KatLeighDoherty@ElleBeyoud 1/2
The SEC's new short selling and stock loan disclosure rules are being challenged by the Managed Funds Association, a group of hedge funds opposed to any kind of transparency or reform.
https://t.co/XYnUp4GQiB
“The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.”
— Ludwig von Mises
GameStop Q422 Results:
Net Sales: $2.2B
Cash Flow from Ops: $337M
Net Income: $48M
Cash + Equivalents: $1.39B
LT Debt: negligible
Thanks to everyone on the GameStop team for their continued hard work.
$GME
Citadel, a Wall Street market maker and hedge fund, took a $600 million loan prior to the recent financial events and later required a $1.15 billion bailout from Sequoia Capital and Paradigm. This was the first time the firm had to seek outside investment. Despite this, Citadel has been releasing statements in the media about their business success. As a news website, InvestorTurf warns the public to exercise caution when considering investments in hedge funds like Citadel. Our analysis suggests that the institution may be in trouble and is continuously misleading its investors and the public. We believe that there are similarities between Citadel's actions and those of Bernie Madoff.
(Thread) We wanted to share with our followers an incident that we believe occurred recently. We believe that Citadel attempted phishing by getting the CEO of a publicly traded company that is in the OTC to contact us and ask for a partnership or for us to write for them.
We suspect that this was an attempt by Citadel to use another person to obtain the identity of our writers, who are anonymous for the most part. Shortly after we received this request, we received a cease and desist from Citadel.
@ryancohen There is no better confirmation, or surreal experience, than watching multiple media outlets all run the same headlines that you not only know to be false, but can be verified by anyone through public data.
We need to root corruption out of Washington, and here’s a straightforward way to start: let’s ban members of Congress—and their spouses—from owning and trading stocks. #StopTheTrades
In the last 90 days:
- Robinhood spent $180k lobbying on securities regulation
- Uber spent $140k lobbying on issues related to the future of work and the on-demand economy
- Occidental Petroleum spent $110k lobbying on climate change policy
See more at https://t.co/fCQpuP3rHX