Can someone explain or give me the link to what happened with Robinhood and GameStop yesterday? If they are related. - The Great Awakening

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Can someone explain or give me the link to what happened with Robinhood and GameStop yesterday? If they are related.

posted 3 years ago by Fogmouth 3 years ago by Fogmouth +5 / -0

Kind of confused. Should I dump Robinhood?

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– InglediSLI 3 points 3 years ago +3 / -0

To add to this. Robinhood's main customer is Citadel who buys trade data from them to front run retail investors. Citadel is infusing Melvin Capital with cash (in exchange for shares of the firm) to help Melvin who are the ones hemorrhaging the most because of their naked shorts on GameStop.

Citadel (probably) told Robinhood to stop allowing people to buy GameStop and other stocks to let Melvin recover a bit.

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