Robinhood contracts with Wall Street heavies to fill these trades, I would guess somebody big made some calls yesterday
NB that Citadel Securities, who fills the order flow for Robinhood, and Citadel the hedge fund that bailed out Melvin, are different companies (though Ken Griffin founded both of them) theverge.com/22251427/reddi…
anyway the whole point of Robinhood is for Wall Street to swindle naive retail investors by getting ahead of their orders. that's why Citadel Securities pays a huge premium to do it cnbc.com/2020/08/13/how…
and that probably is how it works, on average, most of the time! people have lost their shirts gambling on there nytimes.com/2020/07/08/tec…
and now we see if the little guys actually figure out some tactic to beat the hedgies at their own game, the big money will conspire to prevent it from happening. the table is tilted folks theweek.com/articles/96339…

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More from @ryanlcooper

29 Jan
"Republicans are going to double down on Trump, culture war grievance politics, violent insurrection, and conspiratorial insanity for the indefinite future." theweek.com/articles/96363…
notable how Republican insurrectionists have to camouflage their agenda of violent authoritarianism, even from themselves theweek.com/articles/96363… Image
Read 4 tweets
25 Jan
.@Sen_JoeManchin tells @ThePlumLineGS that he will not even *edit* the Jim Crow filibuster to stop McConnell from nullifying the election and preventing Dems from taking their committee gavels washingtonpost.com/opinions/2021/…
who knows how this will all turn out but man is it depressing. millions of activists and ordinary people bust their asses to get Dems the Senate and they are *instantly* betrayed by the party right wing
I will say I'm glad this fight broke out just 5 days after Biden took office. it took almost 5 years to get to a similar place under Obama
Read 7 tweets
24 Jan
here is Greenwald's reasoning for why Obama was worse than Trump. half a million covid deaths and trying to overthrow democracy apparently don't rate as "moral evil"
I wonder how many deaths the reimposition of sanctions on Iran caused in the context of the pandemic. I would be real surprised if it was less than 100k thenation.com/article/world/…
the question he is answering is explicitly about why he thinks Obama is worse reason.com/2021/01/23/jou…
Read 5 tweets
12 Jan
surely an honest oversight usatoday.com/story/tech/202…
no, this is not true. Nicholas Ochs at least was a confirmed Parler users, there are almost certainly others tmz.com/2021/01/10/pro…
Read 7 tweets
12 Jan
what jumps out most about this "unity" tripe today is how conservative rhetoric now is fully, 100 percent bad faith bullshit. these people compulsively cook up the most annoying way to claim victimhood for each and every situation
I remember back before say, 2015 or so, when there used to be at least some dialogue and argument between right and left online. nobody ever convinced anybody of anything but I think people were restrained by the need to be minimally plausible and consistent
what Trump taught the right is that if you are completely shameless all the time, you gain a sort of political superpower. you can get away with (almost) anything, at the cost of dissolving any substantive goals in a stew of culture war grievance, ressentiment, and lunacy
Read 6 tweets
11 Jan
jaw-dropping if true. also if Sund is right about Bowser, she should resign too npr.org/2021/01/11/955…
one major problem with the law enforcement mindset we see today is that most of them are incapable of seeing conservative white people as a real threat. "oh it's no big deal, they're just blowing off steam" right up until they start beating a cop to death
definitely yeah, can't take his word at all
Read 4 tweets

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