So they illegally sell more stock than what’s available (Citadel). Now they are preventing people from buying more of it from other people, in the hopes that people will dump shares before tomorrow to lock in their gains.
Citadel somehow owns Robin Hood, right?
Is that correct?
However, I don't think Citadel owns RobinHood. Citadel has an agreement with RobinHood to process 65% of the trades that RobinHood makes. It's RobinHood's backend system.
-PJ
I don’t know that Citadel owns Robinhood, but online trading sites do get their money from Hedge Funders.