Now THIS would be entertaining. PFOF effectively makes Robinhood a sales funnel for Citadel; Citadel pays RH a rev share to make a pretty front end brokerage app and send it low risk retail flow. Vertical integration would make sensepic.twitter.com/Z41hJSCvMi
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Ken bailed out E-trade and was on the board for several years. Safe to say he doesn’t want to own a retail broker because he could have owned a better one the
$HOOD and passed.
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Couldn’t afford it and
#BestExecutionThanks. Twitter will use this to make your timeline better. UndoUndo
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WSB will have a collective burst aneurysm
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Can’t wait for Reddit to go public and the Citadel pods start trading it. WSB bets when they see the 13F…pic.twitter.com/cUzIvGuAS1
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Not sure how large the WSB/Robinhood Venn diagram overlap is, but in a worst case scenario an acquisition by Citadel could be the literal equivalent of crossing the streams in Ghostbusters.
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