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WallStreetBets: blowing up Robinhood accounts and deleting the app
Sam describes the WallStreetBets subreddit ('if 4chan had a Bloomberg terminal') where members post screenshots of buying $50,000 in options while in debt, and joke that when they lose a million dollars they just delete the Robinhood app and open a new account.
“And they post their Robinhood account of like they just like bought like $50,000 in options even though they're in debt and it just went up to $2 million. Or some people are like, well, I just lost a million dollars. And the joke that they do is Oh shoot, I'm in debt to Robinhood. Well, I'll just delete the app and create a new account.”
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