- Dec 3, 2009
- Reaction score
It is. Reading some stuff from posters and it's like a rebellion. Pretty wild.GME and AMC are back up on Robinhood.
Robinhood is paid a huge annual fee by Citadel for data. Citadel clears about 40% of all trades made (execution). Citadel is owned by Melvin Capital. Melvin Capital has a huge short position on GME.
Melvin Capital told Robinhood to allow sells of GME and AMC but no buys.
Class action lawsuits are in the works.
Melvin changed theirs minds and GMC and AMC are now tradable on Robinhood.