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Business, Economics, and Taxes: Capitalism. Yay? >=(

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Robinhood delisting also tanks the prices since millions of people can still sell but not buy

Rumor is that Citadel (the same Citadel that bailed out Marvin Capital) fills orders made on the Robinhood platform and they're the reason it's delisted. If so, that seems like a pretty big conflict of interest.

They're two separate companies.... but owned by the same guy.

So.... kinda a conflict of interest. Citadel Securities (not the hedge fund) also partners with TD Ameritrade and Charles Schwab


I've read Fidelity is still all in on allowing all this....
 
PLEASE don't involve in Point72.

Please, please, please, please, please.

Jesus, the Mets really do destroy everything we touch.

His hedge fund is down 15% because of this, and his company was one of the two who bailed out Melvin Capital who lost their shirts on the short squeeze.
 
I guess Bassale would be able to tell us better the makeup of WSB since none of us seem to want to go there and find out ;^)

I've had WSB up for the last 3 days (less their weird outage) for the LOLs.

My completely scientific analysis:

60% autist bros who like alt-right jargon
20% retail investors who have done the work
10% sharks running pump and dump
10% bots sent by EvilCorp

I wouldn't mind seeing them all go broke (the retail investors have done their DD so caveat emptor, the rest can DIAF) so there is no downside to this.
 
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I've had WSB up for the last 3 days (less their weird outage) for the LOLs.

My completely scientific analysis:

60% autist bros who like alt-right jargon
20% retail investors who have done the work
10% sharks running pump and dump
10% bots sent by EvilCorp

I wouldn't mind seeing them all go broke (the retail investors have done their DD so caveat emptor, the rest can DIAF) so there is no downside to this.

https://mobile.twitter.com/TheEpicDept/status/1354256375346561028
 

Perfect:

EstI_tsW8AA10Tk
 
https://twitter.com/AOC/status/1354830697459032066?s=20

Motherboard @motherboard · 2h
More than half of all Robinhood users own at least some GameStop stock. They are now unable to freely trade it; the app is only allowing users to close out their positions. https://vice.com/en/article/m7ak7y/...ding-gamestop-stocks-other-reddit-yolo-picks…
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Alexandria Ocasio-Cortez @AOC · 10m
This is unacceptable. We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit. As a member of the Financial Services Cmte, I’d support a hearing if necessary.
 
I think this might be the first chance the Left and Right have to join to fight the real enemy since Occupy. Don't f-ck it up.

Nope, won't happen. AOC is outspoken about this so the knee jerk result will be the GOP claiming communist forces are manipulating the market.

Edit: Hmmm. Ted Cruz just agreed to an AOC tweet.
 
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Watching GME go up a little, then get halted only to go up a little more, then get halted again is fascinating.
 
Nope, won't happen. AOC is outspoken about this so the knee jerk result will be the GOP claiming communist forces are manipulating the market.

The GOP mission statement is to hold us down while the Plutes rape us.

I'm talking about Viking Boy and his merry insurrectionist band who crashed the Capitol Building. I'm talking about the numbnuts who are furious with the rich for destroying their lives but somehow worshiped Dump and blamed blacks, women, and liberals.

They're not wrong to be angry, they're just mad at the wrong people. They should be breaking onto the floor of the NYSE and hanging those people.
 
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