TODAY'S UPDATE ON THE STOCK MARKET. Read/Retweet.
It's Robinhood AND billionaire hedge funds vs the MILLIONS of ordinary folx like you who invested in GameStop, AMC, Blackberry. Over 13M+ use the trading app Robinhood. Today Robinhood restricted trading for GME, AMC, BB, +. 😡
It's Robinhood AND billionaire hedge funds vs the MILLIONS of ordinary folx like you who invested in GameStop, AMC, Blackberry. Over 13M+ use the trading app Robinhood. Today Robinhood restricted trading for GME, AMC, BB, +. 😡
This caused the stock price of many of these already shorted stocks to drop in price SIGNIFICANTLY. Why? Because the millions of people taking on Wall Street CANNOT buy into these stocks. GME went from $400 to $120. Guess what happened? 🤔
Hedge funds/investment firms covered their short positions on the price dip (they closed their shorts) and made BILLIONS on the dip. Ordinary folx like you have been buying 1 or 2 or 3 stocks of $GME, $AMC, $BB to support these businesses that Wall Street is trying to take down.
The moment the people started winning against Wall Street, Robinhood stopped you from trading these stocks. The main player in "Wall Street vs the People" is Melvin Capital. Melvin Capital is a short seller on $GME. Melvin Capital is owned by Citadel.
Citadel is a customer of Robinhood that pays Robinhood A LOT OF MONEY for their order flows. Order flows refer to the money that a broker receives (Robinhood), not from its client (like you), but from a third party (Citadel) that wants to influence how the broker (Robinhood)
Order flows refer to the money that a broker receives (Robinhood), not from its client (like you), but from a third party (Citadel) that wants to influence how the broker (Robinhood) routes client orders (yours) for fulfillment. This can be controversial as you can see. 🤔
I will continue to update you all just so you know what's going on in this convoluted world of financial markets that make it convoluted on purpose to screw the ordinary investor (you, your parents, your friends.
READ MY TWEET YESTERDAY FOR A PRIMER ON WHAT'S GOING ON THIS WEEK.
READ MY TWEET YESTERDAY FOR A PRIMER ON WHAT'S GOING ON THIS WEEK.
Woops - forgot to link yesterday's tweet thread for ease & convenience. Please read yesterday's tweet before you read today's update so it can all make sense on what's happening.
https://twitter.com/kennethmejiaLA/status/1354465880990617600
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