Evidently unsatisfied with his billions, Citadel LLC CEO Ken Griffin has won an arbitration case against a parody website:
Investment firm Citadel has won a cybersquatting dispute it brought against the owner of CitadelAir.com.
The domain owner operates a Twitter account called Citadel Air, where he parodies the investment firm and promotes the short selling of meme stocks such as GameStop (NYSE: GME).
The website shows a fleet of jets with the Citadel logo photoshopped onto them, parodying the fund’s vast wealth.
This ruling flies in the face of free speech protections.
Though Citadel claims there is a “risk of confusion,” Citadel offers no flight services. It’s a hedge fund!
If critics can’t parody a company, a key avenue for criticism is closed. And no massive institution like Citadel should be beyond criticism.
It strikes me how thin skinned Citadel is. Someone makes a website to goof on your multibillion dollar hedge fund and your response is legal action?
We saw similar unhinged behavior from Citadel when it likened its critics to deniers of the moon landing.
This is not the behavior of a well-managed company. Can you picture Procter & Gamble doing this?
No.
If Citadel is so sensitive, perhaps it means they’re hiding something. And secrets having a way of coming out.
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Thank you for a great year!
More on markets:
Citadel Sues to Crush Competitors
How Solana Could Wipe Out Visa and MasterCard
AMC and GameStop Short Sellers Down $10 Billion for 2021
Photo: “Ken Griffin” by DanGPhotos1 is licensed under CC BY 2.0
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