Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Political Junkie Too

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?


148 posted on 01/28/2021 11:38:30 AM PST by RinaseaofDs
[ Post Reply | Private Reply | To 138 | View Replies ]


To: RinaseaofDs
I think so.

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

150 posted on 01/28/2021 11:43:26 AM PST by Political Junkie Too (Freedom of the press is the People's right to publish, not CNN's right to the 1st question.)
[ Post Reply | Private Reply | To 148 | View Replies ]

To: RinaseaofDs

I don’t know that Citadel owns Robinhood, but online trading sites do get their money from Hedge Funders.


162 posted on 01/28/2021 12:51:45 PM PST by Amberdawn (Want To Honor Our Troops? Then Be A Citizen Worth Fighting For.)
[ Post Reply | Private Reply | To 148 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson