Home Tags Robinhood
A Reddit trader claims to have found a new ‘infinite money’ glitch on Robinhood — one that piggybacks on November’s exploits
The strategy involves an "iron condor" options strategy, and the Reddit trader says it works with Facebook, Amazon, and Take-Two Interactive stock.
A spokesperson from the startup said Robinhood's decision to withdraw the application was voluntary.
‘If I had made the right trade I would have been retired now’ — a Reddit user who exploited the Robinhood ‘infinite money̵...
"It was an opportunity to be free from the chains of tuition and mortgages in one trade," Tomatotowers said.
Stock-trading apps make "money more ethereal, like a token in a video game, so users tend to treat it as a game credit rather than actual cash."
Here are the business stories you need to read this week, including stories on Facebook, WPP, and those 'around the web' content recommendations
Robinhood’s ‘infinite money’ glitch has reportedly drawn regulatory scrutiny — and the company could be fined
The Securities and Exchange Commission and the Financial Industry Regulatory Authority are the two agencies most likely to investigate the matter.
The jig is up: Robinhood says it’s closed the ‘infinite leverage’ loophole that allowed users to build positions worth millions
The trading platform has implemented a "permanent update" meant to "prevent anyone from engaging in this pattern of trades," a spokesperson said.
A stock-trading Reddit forum has minted a group of hall-of-famers who best exploited Robinhood’s ‘infinite leverage’ glitch. Here...
The list includes the trader who first discovered the glitch and one who allegedly lost $180,000 and had his account suspended.
The Redditors who built up million-dollar positions from a Robinhood glitch are ‘psychopaths,’ says Ritholtz CEO Josh Brown
“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 site."
Copycat traders are one-upping each other as they exploit Robinhood’s ‘infinite money’ glitch — and one user now holds a $1.7 ...
Though the glitch was only discovered days ago, some traders are racing to exploit the bug for increasingly large trades.