they can say they’re trying to protect the average person all they want, but this wreaks of collusion between the media, wall street, and tech to manipulate the market and protect a handful of powerful rich people. it’s also looking like a trend.https://twitter.com/RobinhoodApp/status/1354805613566410756 …
i wonder how much of this was just citadel et al threatening to not run orders for them anymore. big enough players in any game functionally define the rules of engagement
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"just build your own social network, licensed brokerage, trading platform, hosting infrastructure, payment processor, debit card issuer..."
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Ken griffin is the apex predator
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Exactly, Same thing happened to YouTube last year - kowtowing to advertisers and media cos under the auspices of preventing the spread of terrorism killing some of the biggest creators that had grown up on their platform.
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From what I'm hearing Citadel just stopped paying for RH orderflow on those tickers and RH made their own decision to stop allowing trades as a result.
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