"He found a way to further boost the number of electric vehicles when he met with President Joe Biden’s top environmental adviser, John Podesta. That led to a deal in which the government provided $3 billion to the Postal Service, with part of it earmarked for electric charging stations."
That is unfair. The twitter post has pictures of articles along with their sources going back to the 1800s. That is not a bar a random search comes up with. If it is so easy then use the same bar and get one sentence sources going back to the 1800s backing the thesis that people nowadays have less work ethics.
I thought neuroscience had largely moved away from the idea of "grandmother neurons" in favor of sparsity [1]. This seems to suggest that the model is functioning differently than the human brain...
I really like this take. The whole time (pandemic onward) I've been thinking: "how can a bunch of small potatoes on WSB actually make such an impact." This neatly explains it... It's the HFT amplifying these actions.
This has very little to do with HFT. I would argue that the person who wrote this Twitter thread really quickly veers off into the territory of just-plain-wrong. What's more likely,
- Citadel is paying multiple billions to get in on a firm that's so talented that they managed to take on this GME position, or
- Citadel is a market maker that has written a shitload of near-naked call options and now needs to deliver on them?
HFT is not the root of all evil. Citadel isn't making a killing off of frontrunning retail investors that have a Robinhood account containing $137. Odds are pretty damn good that they're in hot water with an options position and need to ensure that Melvin stays afloat to try and keep as many contract OTM as they can.
https://facts.usps.com/0-tax-dallars/