I'm not sure they even care that much - they had a huge leap year bug in 2016 that resulted in an outage. 4 years later, in 2020, they had the exact same bug. 4 years to fix it and they didn't, so I'm wondering if they even expected to last this long.
Maybe they'll end up closing shop and starting a new company with a new shitty app, perhaps even with the same codebase.
then they would've lost their biggest customer
the real victory today was robinhood getting crushed by charybdis after dodging scylla
but your analysis is right. losing citadel is nowhere near as existential as losing your product* (ty sysgen)
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I'm not sure they even care that much - they had a huge leap year bug in 2016 that resulted in an outage. 4 years later, in 2020, they had the exact same bug. 4 years to fix it and they didn't, so I'm wondering if they even expected to last this long.
Maybe they'll end up closing shop and starting a new company with a new shitty app, perhaps even with the same codebase.
It will be called Tradr and be somehow worse
Robinhood only makes money from interest and selling order streams to Citadel. They don't really make money from retail users.
retail users are their product. they don't have anything to sell citadel w/o them
True. They were between a rock and a hard place. I guess getting of Citadel might have been better long term.