Except that unlike in casino, in stock market a Designated Market Maker can go against the crowd and "wait it out" any negative downfall.
Lets say customers bought GME and GME shoot up.
Citadel just waited out until the movement fizzled out.
They were able to hold naked short position for prolonged period of time (basically printing fake shares) to artificially increase the float
Lets say customers bought GME and GME shoot up. Citadel just waited out until the movement fizzled out. They were able to hold naked short position for prolonged period of time (basically printing fake shares) to artificially increase the float