1. What was sent in my inbox: This is literally criminal. How is this allowed??
Citadel is a hedge fund that owns Melvin Capital Management. Melvin is a $GME short seller predicted to lose BILLIONS due to the people taking the free market back. Citadel owns the app Robinhood (RH). Citadel banned purchases of new $GME shares on RH. Market manipulation. 2. The explanation I got: Melvin made a bet that $GME stock would fall lower than some number by a certain date (short for short). But now people of the internet want to buy $GME stock for a higher price and Melvin is loosing it's bet. 3. Other news in my inbox: A. Workers lost $3.7 trillion in earnings during the pandemic. Women and Gen Z saw the biggest losses. B. World's billionaires get richer by 3.9 trillion during pandemic. C. The Pandemic Is Affecting The Mental Health Of The Rich More Than The Poor.
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