/biz/ - Business & Finance

>>19785941
>it was apparently a glitch and he didn't have negative 700k

Robinhood is so fucked they are gonna get sued out the fucking ass by that kids family for this

How the fuck can you lose more money than you actually have? Fucking Jews.

OH NO NO NO WE GOT TOO COCKY REDDIT BROS

>>19785981
when i look at his face i doubt that the -700k was the reason for the suicide lmao

>Retard söiboy an hero bc he was too stupid to hit f5
Is there a problem here? RH should be given an award

>>19785941
>sign up to gamble with someone else's money
>that someone happens to print all the money and their only goal is to make you indebted to them forever
>fall right into the trap
>Oh God the humanity!!!!
Well at least he was white, so nobody will care

>>19786012
it was the straw that broke the camel's back, the family 100% has a case here and can probably win a case for multimillions over this, they will certainly be able to argue that a cock up of this magnitude was on their part and they should have had safety measures when it comes to dealing with massive finances and young people, which is what the platform explicitly states it markets itself towards, and I'm sure other platforms will somehow throw their weight behind the prosecutor to level the competition, they are gonna take a huge fuckin blow over this

>>19786010
please upsize your thumbnail

>>19785981
And they will lose. Glitches happen. Robinhood has lawyers and they will have the usual sign up documents you must agree to. It's incredibly unlikely that they haven't planned this way in advance.
This dumb retard would have killed himself anyway.
Who the fuck kills themself over debt? Not even government debt. Nigger just go bankrupt it's not hard, just like go to a court and give them a few hundred dollars and *poof* the debt is gone.
Sure you'll never have good credit again but you just stole 700k from jews and did a magic trick with it, cherish the thought.
What a loser.

>>19786069
Oh please, you're being sensationalist. Nothing more will come of this. If the family has any sense they will want to sweep this whole humiliating situation under the rug and try to forget how stupid their child is.

>>19786069
he signed up, gambled, lost & an heroed
RH literally did nothing but exist
fuck our faggot infested society that absolves this dicknoodle of 16,000 consecutive bad life decisions & goes after an arbitrary entity that he chose to use.

>>19786176
>Sure you'll never have good credit again
Bullshit, credit will be fine after 3 or 4 payments on a cash secured cc. Even if you foreclosed on 20 mortgages at once you know it all magically disappears after 7 years right?

He wasn't a kid. He was a 20yr old adult university student. Or is that considered a child in the US? Do they have to be over 21?

>>19786227
I didn't know that, having never been bankrupt, cheers. Even less reason for him to commit seppuku. Total shitshow.

GUH

>>19786176
>>19786197
if the debt was actually REAL then you'd be right, but it was a shitty interface that told him he was down almost a mil when he was in reality only down a hundred bucks

>>19786190
I'm only predicting the coming sensationalism, already forbes is bashing RH for fucking up, and there is blood in the water now, the family will demand justice or compensation and everyone in the game who wants RH out of it will drag it through the dirt for this

Why didn't he buy Chainlink?

>>19785941
so you can go negative in your broker account? no margin call or liquidation?
well bitmex now seems like a legit bussines now

>>19785981
It’s not really a glitch. The boy was a fucking retard. His options were being assigned. The retard just needed to wait a couple hours.

>>19786304
yeah but he's still dead, and the American legal system was built so the little guy (the fucking retards) can get some satisfaction, and in an almost stupidly tragic example like this you can certainly expect something to come of it

>>19786312
Nah, the justice system is literally built by corporations lol.

>>19786324
and how many corporations do you think would rather not have RH on the field?

>>19786292
>but it was a shitty interface that told him he was down almost a mil when he was in reality only down a hundred bucks
Yes, and I'm saying that this non-event will have been foreseen. Have you ever read one of those huge statements you get when you sign up for stuff? EULA agreements and so forth. They include EVERYTHING.

>>19786330
The market is designed to part idiots from their money. RH is a godsend for the market.

>>19786330
True, but there’s not much other stock apps can do. This will be a civil case if the parents of the retard go to court, and RH will probably just give them a few dollars and force them to keep quiet. And the parents now RH did them a favor by getting rid of their retarded son.

just you wait and see, this will either be an out of court settlement or a big public deal, either way RH is gonna take a blow for this

>>19786275
Most bankruptcy cases anymore still require you to pay back a % of the debt over the course of a few years. Commonly, it's around 40%-70% of the debt.

>>19786359
Yeah, and it sucks because it’s not their fault.

>>19786351
Sorry about your retard kid, to make up for it you now have a claim to a stock like Apple, Ford, or Facebook.

>>19786384
lmfao

And you know they’d give them Ford

>>19786369
Nope, what jew liar told you that bullshit?

Mclovin an hero robinhood to blame

>>19786133

>>19785941
imagine not buying bitcoin for less than 100k

>>19785941
Imagine being a '17+ fag