4 definitions by carribgyal
by carribgyal February 2, 2021
Dead video game store whose stock faced a short squeeze because of the popular subreddit r/wallstreetbets after Youtuber Roaring Kitty (also known on reddit as r/deepfuckingvalue) noticed that the stock was illegally shorted 140%. The stock rise caused the hedge fund Melvin Capital to lose billions and be bailed out by Citadel, the same hedge fund that pays 40% of Robinhood's income in return for user data. This lead Robindhood's CEO to limit stock purchases of GME on Robinhood.
This called into question the idea of a free market and whether the real wolves on wall street are the hedge funds or ordinary people.
This called into question the idea of a free market and whether the real wolves on wall street are the hedge funds or ordinary people.
by carribgyal February 2, 2021
An investing platform with free commissions that should really be called the Sheriff of Nottingham after they limited the purchases of "GME" to protect the hedge fund Citadel that pays 40% of their income.
"Do you invest on Robinhood? I heard they have free commissions"
"No, I invest on ThinkorSwim because they don't try to rob the hood. "
"No, I invest on ThinkorSwim because they don't try to rob the hood. "
by carribgyal February 2, 2021
by carribgyal February 2, 2021