After Melvin Capital loses billions with their naked shorts, Citadel and other hedge funds short selling take over to pulls the strings from underneath some trading apps, including Robinhood.
Will be interesting to see where this lawsuit will go, since it looks like a clear coordinated manipulation of heavily shorted stocks and blocking everyone else from buying them.
Rigged from the beginning. But we'll see what happens with this lawsuit.
I guess someone is only letting the hedge funds trade rather than their own customers. [0]
Will be interesting to see where this lawsuit will go, since it looks like a clear coordinated manipulation of heavily shorted stocks and blocking everyone else from buying them.
Rigged from the beginning. But we'll see what happens with this lawsuit.
I guess someone is only letting the hedge funds trade rather than their own customers. [0]
[0] https://twitter.com/RobinhoodApp/status/712708069369782272