If an app is "free" then you are the product. Robinhood sells your orders and trade data to Citadel. Citadel is the customer. You are the minnow being fed to the shark. Same with social media, you're the product, your personal data is sold to advertisers who are actual customers.
I love how @RobinhoodApp is like we’ll go back to normal tomorrow. What changed? Oh right? They crashed the market and let the hedge funds get out. Now suddenly there are no issues with it.
No limit to how much you can bet against GameStop, a company that employs 15,000. But if you want to buy, HODL, and support that company, the powers that be will throttle you.
It's not clear. You and your buddies are strong, rich and have a lot of influence so you need to do whatever you can to keep the rules in your favor.
Maybe the SEC will ask for an open inquiry?
Maybe Congress will hold hearings?
Let's see...now go to bed.
REMINDER: Wall Street hedge funds running to the exchanges to halt trading to prevent losses is another example of why the game has always been rigged in favor of the elites.
When you lose it is okay, but when they lose the game is turned off.
The same financial media that allowed shorts free reign to bash stocks to hell for years are now calling folks with $1,000 in a #RobinHood account a cartel.
Trying to illicit sympathy for folks who made billion crushing stocks and pay the lowest taxes rates isn't going to work
Selling weed literally went from major felony to essential business (open during pandemic) in much of America & yet many are still in prison. Doesn’t make sense, isn’t right.