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A comment on Robinhood Play Store listing went from 329K reviews to 180K in few hours. Parent comment

Re:Robinhood Play Store listing went from 329K reviews to 18... by grecy on Thursday January 28, 2021 @07:54PM (#25952051)
Citadel is a hedge fund that owns Melvin Capital Management.

Melvin is a $GME Short Seller that is predicted to loose BILLIONS due to people taking the free market back.

Citadel owns the app Robinhood.

Robinhood banned the purchase of $GME shares, while selling was still allowed.

How in the world is that NOT market manipulation?

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Re:Robinhood Play Store listing went from 329K reviews to 18... by jonp888 on Thursday January 28, 2021 @08:22PM (#25952329)
> Robinhood banned the purchase of $GME shares, while selling was still allowed

They had no choice. They had run out of capital to execute the orders they were getting.

They allowed people to unwind their existing positions, but not to create new ones. Considering trading was still going on elsewhere, not locking people into their current positions would have been worse.

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Re:Robinhood Play Store listing went from 329K reviews to 18... by jannes on Thursday January 28, 2021 @07:56PM (#25952071)
Does Citadel actually own Robinhood? I couldn't find any source on that.
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Re:Robinhood Play Store listing went from 329K reviews to 18... by alistairSH on Thursday January 28, 2021 @08:07PM (#25952172)
No, Citadel is RH's largest customer.

https://cdn.robinhood.com/assets/robinhood/legal/RHS%20SEC%2...

Citadel also bailed out Melvin to the tune of $2.75bn. https://cointelegraph.com/news/financial-ties-between-robinh...

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Re:Robinhood Play Store listing went from 329K reviews to 18... by ArchD on Thursday January 28, 2021 @08:10PM (#25952205)
I think Robinhood sends them the retail order flow. I don't know about ownership. The conflict of interest is the same.
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Re:Robinhood Play Store listing went from 329K reviews to 18... by sgerenser on Thursday January 28, 2021 @08:12PM (#25952219)
Citadel does not own Robinhood.
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