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/biz/ - Business & Finance

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File: 251 KB, 587x722, Screenshot_2020-06-17 20-Year-Old Robinhood Customer Commits Suicide After Seeing A $730,000 Negative Balance.png [View same] [iqdb] [saucenao] [google]
20068593 No.20068593 [Reply] [Original]

He didn't realize people there routinely fake gain and loss porn using "inspect element" or even photoshop for plebbit upvote points, and that the jannies there do nothing to verify any of the posts.

>> No.20068610

>>20068593
This story glows hard. Just like the money printer meme. You have to learn how to not be such a gullible faggot dude.

>> No.20068613

>>20068593
this in addition to not understanding the interface and not considering bankruptcy (if he actually owed what he thought he did)

>> No.20068625

>>20068593
Explain this situation to me like Im a 5year old

>> No.20068637

>>20068593
Someone explain this to a brainlet like me

>> No.20068646

>>20068625
Retard go boom

>> No.20068652

>>20068593
there's over 1 million people on wsb, if 0.01% of them makes a fortune every year that's 2 people a week

>> No.20068658

>>20068625
ID
>2 Years to just Get Chainlink

>> No.20068689

>>20068625
He wrote options. Aka sold options. Market went against him. He khs.

>> No.20068735

>>20068689
But where does the inspect element part come in? Did he kill himself based on falsified screenshots?

>> No.20068751

>>20068735
anon...

>> No.20069253
File: 525 KB, 522x1124, Award.png [View same] [iqdb] [saucenao] [google]
20069253

>>20068593
ft did a halfway factual article - including the fact /biz/king here was (actually) $16k in plus when he thought he was $730k in the red. And while I'm not familiar with RH's UI, that fact alone (when plausible) is going to prove very expensive for them indeed.
https://www.ft.com/content/45d0a047-360f-4abf-86ee-108f436015a1
>^should be paywall free, YMMV tho

>> No.20069270

>>20068625
haha train too chooo choo.

>> No.20069300

I'd claim insanity and try to avoid jail.

>> No.20069305

>>20068593
>and that the jannies there do nothing to verify any of the posts
unlike the glorious janitors of /biz/ which carefully manicure each thread to ensure only the purest of facts are distilled into the mind of the common anon

>> No.20069322

>>20068625
He'd rather be dead than red.

>> No.20069343

>>20068735
A lot, probably even most, of the gain/loss porn on the wallstreetbets plebbit board is outright faked using browser "inspect element" features and photoshop.
Even a real position can have its displayed gain/loss amplified, since it's typically rendered client side, by altering the invested capital (eg, change 1 contract to 100)
The jannies there don't verify anything.
He was inspired by LARPs.
Kind of like someone who buys that russian scam coin because people here claim to have made money from it.

>> No.20069527

>>20068625
He had a real account balance of 20k but because of a problem with how robinhood displays the numbers it showed him a negative 730,000 cash balance. He saw the number and instead of checking the value of his positions he jumped in front of a train.

>> No.20069549

>>20069253
>should be paywall free
friendly reminder to install:
https://github.com/iamadamdev/bypass-paywalls-chrome
for chrome or firefox

>> No.20069594

>>20068593
Unironically that wouldn't have happened if his balance was reported by Chainlink oracles.
Also hit-pieces from the MSM on ANYTHING is always a buy signal and I say this as a stonks bear

>> No.20069648

>>20069322
I heard DMX gonna perform at the funeral.