rant · moment 15 of 24
Robinhood and Citadel Selling Your Data
from #237 - Buy The Dip | The Tim Dillon Show · #237
1 min
He explains how Robinhood's real business model is selling trading data to firms like Citadel rather than serving retail customers.
- Tim describes how Citadel intimidates competitors: a figure in a goat mask and cloak threatens to either shut down training on securities or roast them on a barbecue spit at a seance in the woods.
- The threatened executive agrees immediately because he knows how Citadel operates.