“These kids are out of their minds. They’re looking for ways to take reckless risks, and arguably they’re doing it to impress their friends on a chat...
Robinhood, the investing app is coming under fire after Redditors found a glitch that allowed users to trade an infinite supply of borrowed cash. One user turned a $3,000 deposit into a $1.7 million stake. Josh Brown, CEO of Ritholtz, a wealth management firm, and regular guest on CNBC called these users"psychopaths." "This is not like where somebody walks and accidentally falls into a hole, you have to be deliberately trying to do this," he said.
Robinhood, the investing app is coming under fire after Redditors found a glitch that allowed users to trade an infinite supply of borrowed cash. One user turned a $3,000 deposit into a $1.7 million stake. Josh Brown, CEO of Ritholtz, a wealth management firm, and regular guest on CNBC called these users"psychopaths." "This is not like where somebody walks and accidentally falls into a hole, you have to be deliberately trying to do this," he said.
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