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Comment by artembugara | Hacker News Reader

I believe there will be a big journalist investigation about how some pretty influential investors made Robinhood management do what they did.

Because someone was loosing billions because of it.

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Citadel, who is on the losing side of the short GME trade, is who Robinhood sells order flow to. Make of that what you will.

https://finance.yahoo.com/news/citadel-point72-back-melvin-2... (Citadel, Point72 Back Melvin With $2.75 Billion After Losses)

https://www.cnbc.com/2020/08/13/how-robinhood-makes-money-on...

Oof. It looks like a duck, and it is starting to sound like a duck.

I wonder if it's a duck?

Quack.

I think it’s the same duck who told me it was wabbit season

So all it takes for a sound false flag attack conspiracy theory is for some sweeping legislation and some insight into which specific user accounts started this whole ordeal, not too dissimilar from the Capitol invasion and what has followed so far... heck it already seems clear if something isn’t beneficial for the oligarchy the media would bury it very quickly rather than fluffing it up to high heaven!

Where have you read that Citadel has short positions? Buying a portion of Melvin Capital after they suffered big losses is absolutely not the same.

Citadel Securities (the market maker that buys and executes Robinhood's order flow) and Citadel (the investment group) are very different companies, and they have a ton of red tape in place to prevent risk of collusion between the two.

Considering Citadel Securities makes _significantly_ more money than Citadel would stand to lose with its short positions, the thought of the two colluding to pressure Robinhood seems a bit far fetched to me.

I want to believe this but by and large it seems the media is unsurprisingly siding with the hedge fund side of things. Mainstream media clearly works for the elites.

Always has.

Hard to investigate winks and nods.

I'm pretty sure that Boston Globe's "Spotlight" have heard such opinions many times

And these "influential investors" also coerced Bank of America/Merrill Edge/the other 5 brokerages into implementing the same trading restrictions?

Or, could it possibly be that these institutions implemented trading restrictions to protect their clients from the impending crash?

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