Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

It's a different Citadel, from here: https://www.theverge.com/22251427/reddit-gamestop-stock-shor...

At least one Wall Street firm has taken heavy losses β€” Melvin Capital Management, which was shorting GameStop, among other bets. It’s been bailed out by Citadel, which, confusingly, is not the same thing as Citadel Securities. (Citadel is a hedge fund, not a market maker.)



It's a ""different"" Citadel only in the twisted sort of logic lawyers are hated for. They're operated by the same people and have the same name.


It's the same Citadel, just different legal entities.




Consider applying for YC's Winter 2027 batch! Applications are open till November 2.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: