Citadel securities was valued at 22 billion dollars. Ken griffin owns 85 % of that. His main source of wealth is other company called citadel, which is a hatch fund firm. But robin hood and people like that, they need to encourage as much trading as possible. They get paid the more you trade. And hey, make money very much on the front end. That's not how wall street made moneys.
#361: Wall Street Journal columnist Spencer Jakab marks the one-year anniversary of that weird time when the subReddit Wall St Bets pumped shares of meme stocks like GameStop and AMC Theaters, triggering a short squeeze that forced several hedge funds to lose billions.
What did we learn from that experience? And how do we actually take down Wall Street? How do we launch a truly effective financial revolution?
We share those insights in today’s episode.
Subscribe to the show notes at https://affordanything.com/shownotes
Learn more about your ad choices. Visit podcastchoices.com/adchoices