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E19: Breaking down Robinhood's GameStop decision: Why did it happen and how can it be prevented in the future?
All-In with Chamath, Jason, Sacks & Friedberg
Wall Street Bets and Retail Investors Are Incredibly Powerful Now
Citadel is responsible for forty seven percent of all the payment for order flow volume. They paid robin hood almost 60 million dollars in the third quarter, or a 400 million dollar run rate. What that allows citadel to do is, if they see a lot of people buying mill seconds before you buy, they can buy, and that allows them to make money.
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