#CitadelScandal emerged on many social media platforms provoking confusion among those unfamiliar with the topic or reason behind it's rise in popularity, but understanding the complete picture would require a deep understanding of complex financial systems. The current movement unfolding on social media is fueled by new investors slowly uncovering the true extent of malpractice hidden in this complexity.
The hashtag gained traction online due to retail investors expressing outrage over events surrounding heavily shorted stocks including GameStop Corp (GME), AMC Entertainment Holdings Inc (AMC), Nokia Corp (NOK), and Blackberry Ltd (BB). What began on January 28, 2021 with trading restrictions put in place by stockbrokers like E*TRADE , Robinhood , and Webull has led to the exposure of possible evidence revealing ongoing systemic corruption committed by various financial institutions.
A majority of this information was uncovered through extensive research and analysis of official public documents by users of popular subreddit r/Superstonk , which focuses on evidence-based facts and zero tolerance for false content, where users meet for theoretical discussions about business and stocks.