Re:Class Action Lawsuit Filed Against Robinhood
by fractionalhare on Thursday January 28, 2021 @03:43PM
(#25948895)
As was reported, the capital raise Melvin received wasn't 30% of their total AUM even after the GME losses. And even if it were, it was also reported that Citadel and Point72 received non-controlling revenue share.
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Re:Class Action Lawsuit Filed Against Robinhood
by myownpetard on Thursday January 28, 2021 @04:21PM
(#25949424)
I'm having trouble finding specific numbers, do you have a source?
As far as I can tell they started the year with ~12.5B AUM, and have lost ~30% on the year and received a 2.75B cash infusion from Citadel et al, which I assume was at a discount given their position. So my rough estimate is around ~25-35%, given the uncertainty around those numbers.