Discussion Robinhoods suicide

[Life_and_Death]

Robinhood Sued Over Man's Suicide, Thought He Was $730k in Debt

Robinhood is being sued in the suicide of a young trader who thought he was $730,000 in the red.

amp.tmz.com

I'm curious what you guys think. Who's at fault? Did he over react?

 

[TotallyIsolated]

Its /r/wsb's fault, frankly, for stirring this shit up in the first place. Its just bunch of financially illiterate chuds who thought they could run a Bitcoin-style pump-and-dump scheme with real money. They whipped people up into a frenzy of FOMO and get-rich-quick hysteria. They convinced each other to pour money they didn't have down the drain so that a handful of them could get rich. Then when everything comes tumbling down its suddenly everyone else's fault. The hypocrisy of it is staggering.

This guy's suicide is clear proof of how real harm is done to vulnerable people by scams like this.

 

[lugerepair]

Well, fuck Robinhood, first of all. Second of all...he was definitely way too impulsive, but at 20 the frontal lobes are not yet fully developed, so impulse control isn't going to be very good. But by all means, they should sue Robinhood.

 

[Life_and_Death]

But by all means, they should sue Robinhood.

Why? They did email back. And they did change the way things are done. What more can they do at this point. Also I just read another article.
"Although Brewster initially believed Robinhood had improperly granted Kearns vast amounts of leverage to trade with, he no longer believes that was the problem. Twitter users who saw Brewster's stream of tweets alerted him that options traders on Robinhood sometimes see a negative cash balance until the other half of their trades are executed."

Apparent suicide by 20-year-old Robinhood trader who saw a negative $730,000 balance prompts app to make changes

The family of a 20-year-old student says he died by suicide after confusion over an apparent negative balance of $730,000 on his Robinhood account. Now they are demanding answers from the millennial-focused trading app.

www.google.com

 

[lugerepair]

Why?

I don't know. Just pissed at Robinhood in general I guess. Glad if they can be inconvenienced in any way.

 

[NothingElseMatters]

I would kill myself instatly for way less