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Robinhood to protect their Customer Base! And their Biggest Customer is Mega Hedge Citadel!!!
Robinhood to protect their Customer Base! And their Biggest Customer is Mega Hedge Citadel!!!
Robinhood founder Vladimir Tenev sat down with Chris Cuomo to pontificate about how Robinhood has to protect their customers. Which is true however who is Robinhood's Customers? Well since the accounts are free how does Robinhood make that 180 million a year? Well ironically a major contributor is Citadel (the hedge fund tied to the shorting of GameStop!) How is there no conflict of interest.
In a side not BREAKING NEWS: turns out Robinhood has also been selling market data to Citadel regarding what stocks Robinhood users are buying.
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By Jake, Tom, Stephan and Missie
4.4
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Robinhood to protect their Customer Base! And their Biggest Customer is Mega Hedge Citadel!!!
Robinhood founder Vladimir Tenev sat down with Chris Cuomo to pontificate about how Robinhood has to protect their customers. Which is true however who is Robinhood's Customers? Well since the accounts are free how does Robinhood make that 180 million a year? Well ironically a major contributor is Citadel (the hedge fund tied to the shorting of GameStop!) How is there no conflict of interest.
In a side not BREAKING NEWS: turns out Robinhood has also been selling market data to Citadel regarding what stocks Robinhood users are buying.