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Who owns Robinhood?

By Theincomebeast | Theincomebeast | 30 Jan 2021


I do not know what is going on with Robinhood but there is sure some funny stuff going on. It seems like they halted trading on some stocks that were shooting up in price with the apparent hopes of protecting their hedge fund buddies.   

 

Apparently Melvin Capital Management placed some big short sells on $GME in the hopes of cashing in at the expense of (likely) the small investors. Well, Melvin Capital Management is apparently owned by Citadel, LLC (formerly known as Citadel Investment Group, LLC) who happens to have given Robinhood 40% of their revenue. (According to a Bloomberg report)  

 

So the question is, did Melvin Capita’s owners (Citadel, LLC) make a call to Robinhood to put a stop to the reaming that Melvin was getting? Seems like this is either an example of dirty pool, a total coincidence, or a wild ass conspiracy theory.   

Although Citadel, LLC may not "OWN" Robinhood the might very well own Robinhood. 

What do you think?  

Are you dumping Robinhood for another platform?  

I hope I get some interesting comments.        

 

Thumbnail:Photo by Ksenia Makagonova on Unsplash

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Theincomebeast
Theincomebeast

I am an avid investor who likes to share information so that everyone can become financially literate. Interested in alternative investments and crypto.


Theincomebeast
Theincomebeast

This is my blog where I encourage others to learn and share information about financial literacy. I am enthusiastic about alternative forms of investment and cryptocurrencies.

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