Nebraska college student, 20, commits suicide after 'glitch' on online trading platform Robinhood showed a negative $730,000 balance in his account

[fu2]

Parents are gearing up to sue Robinhood. However I'm sure Robinhood has already pulled his options application. Yes he might actually be unemployed, student, yadda yadda yadda but is that what he put on the application? I wander what options level he was approved for? To be in that type of position he had to have a good little balance in his account and margin.

End of day, sorry they lost their son but damn mufucka, ask the firm to explain, wait til settlement, etc. Acting like someone is going to show up at your door tomorrow with a briefcase to put your money in or take you to Alcatraz or something. Parents blaming it on the pretty colors is grief speaking. After a while they gotta admit this was a bad decision. If anything Robinhood will settle and try to improve their platform performance

 

[Star]

- It's likely that the negative balance appeared in Kearns' account only temporarily, as one half of the trade settled before the other did.-
What was the account after the other trade cleared ?
Still seems like alot of Debt .

Still do Not care that he killed himself, Just one less CAC

 

[roots69]

H.R.5736 - Smith-Mundt Modernization Act of 2012

This corporation is passing laws to fuck over the people!! The sad thing is No One reads the laws and they know that, so they are fucking the people over! The law above allows all forms of the media, to push false or fakes ass news onto the television, newspapers, social media platforms! But whatever the media puts out, people believe everything they see on tv!! I guess that's the world we live in!! Our people have been infiltrated by the television, media, entertainment and sports industries!!

 

[Walter Panov]

if he was getting pussy he would still be alive

/thread

His suicide had nothing to do with Robinhood

 

[tallblacknyc]

Told ya cacs are 1 glitch away from committing mass suicide.. All you got to do is make their funds disappear for 2 weeks and at least 30 percent will delete themselves.. They have a built in self destruct button all you got to do is tweak it a little to activate it

 

[TheAlias]

The darker side of White privilege...

This should be a television show. I want my credit as producer.

 

[fu2]

This should be a television show. I want my credit as producer.

Call it "Takes From The Dark side of White Privilege" so y'all can reuse the scary intro. But instead of a scary forest, use a neighborhood with white folks.

 

[playahaitian]

I wouldn't say it's a scam. The cac was buying and selling at the same time. Gotta let the dust settle b4 u count your chickens.

What happened to me is the stock did a split (I didnt kno at the time) meaning instead of having 50 shares at $1 it changed to having 5 shares at $10 (same ending bal).

But for about 5hrs my balance showed I had 50 shares at $10

Plus like any app with maintenance and updates and shit. If it shows sumthing a lil weird just chill for at least 12 hrs.

Yeah I was posting about this earlier in the investment thread. Robinhood is like that. It doesn’t update right away.

Idk why his silly ass didn’t wait and see what legal recourse he had if he thought he lost all that money.

And if he made that much money it could be made again. But he thought he had ruined his savings and threw himself into debt.

My oldest aint even in high school and wants to try to invest.

So as a black parent how should i proceed with these investment apps?

 

[yureeka9]

This is proof positive of the fragility of the honky/perckerwood/cracka sub-species. Most black people aren't going to off themselves because their money got fucked up. We just move on to plan B. Stories like these don't move me one bit. How the hell does a 20 year old have access to that kind of money? And if he does that means mistake or not he can eventually fix it. He should have taken some of that money and leased a spine and a set of balls!

 

[yureeka9]

He did what a Metric Shit Ton of CACs do when they think they've lost their shirts. That was some drastic shit to do in lieu of having NO FUCKS to give. What was he doing, trading on credit? You can't lose any more than you put in.

"As long as I owe you, you'll never be broke," would've been my attitude.

/thread....

 

[REDLINE]

Yes. It do.
To be honest this dude was being a bitch. Still RIP but he was a young cocky nerd bitch!
He was fine if the money was 730k in the positive and him having no income right?
He was trying to game the system and didn't understand the system well enough to wait one more day for funds to clear.

He jumped in front of a damn train! A violent and vicious way to go.

Sorry, but he was a danger to society with that kinda mentally.

His parents are to blame.

I’m sorry but if I find out I owe 730k, I’m not thinking about fucking. I’m thinking about fucking shit up!

 

[Deezz]

Weak minded incel problems. Enjoy the afterlife numbnuts.

 

[xfactor]

Great movie along with ‘The Big Short’

shows how dumb these cacs are (and reckless with our money)

 

[Mello Mello]

This fucking geek was just waiting for a reason to end it all.

Thought he blew his only chance to afford that slim blonde, 90 day fiancé from the Czech Republic.

 

[yasky777]

Great movie along with ‘The Big Short’

shows how dumb these cacs are (and reckless with our money)

I will watch both.

 

[Texas Catdaddy]

I ain't want laugh .....

 

[eagle force]

someone probably did the experiment on him
like the dukes did to winthorpe on trading places

 

[Hotlantan]

Parents of 20-year-old amateur trader who committed suicide in June after mistakenly thinking he owed Robinhood $730k, sue trading app for wrongful death

• Alexander E. Kearns, 20, was struck by a train on June 12, 2020, in Illinois
• He left a suicide note explaining that he'd been financially devastated
• Screenshot of his Robinhood account shows negative balance of $730,000
• However, this was likely a temporary display before his options contracts settled
• His parents, Dan and Dorothy Kearns, are planning to file suit against Robinhood
• The lawsuit will accuse Robinhood of wrongful death, negligent infliction of emotional distress and unfair business practices

Parents sue Robinhood after son killed himself thinking he owed $730k

The parents of Alex Kearns, 20, who killed himself last year after seeing a negative balance of $730K in his Robinhood account are now suing the company for wrongful death.

www.dailymail.co.uk

Alex Kearns died thinking he owed hundreds of thousands for stock market losses on Robinhood. His parents have sued over his suicide.

In the wrongful death suit, Alex Kearns' parents accuse the company of targeting unsophisticated traders like their son.

www.cbsnews.com

 

[World B Free]

Trading system be like "Oops, my bad"

 

[Nzinga]

He looks to me like he had other issues. Such a drastic decision
would most likely occur as the final straw on top of many other
issues already oppressing the kid. Most of us are broke at his
age, and he has 60 years ahead of him to fix his problems.. Nah
there is more to his story

 

[Nzinga]

Parents of 20-year-old amateur trader who committed suicide in June after mistakenly thinking he owed Robinhood $730k, sue trading app for wrongful death

• Alexander E. Kearns, 20, was struck by a train on June 12, 2020, in Illinois
• He left a suicide note explaining that he'd been financially devastated
• Screenshot of his Robinhood account shows negative balance of $730,000
• However, this was likely a temporary display before his options contracts settled
• His parents, Dan and Dorothy Kearns, are planning to file suit against Robinhood
• The lawsuit will accuse Robinhood of wrongful death, negligent infliction of emotional distress and unfair business practices

Parents sue Robinhood after son killed himself thinking he owed $730k

The parents of Alex Kearns, 20, who killed himself last year after seeing a negative balance of $730K in his Robinhood account are now suing the company for wrongful death.

www.dailymail.co.uk

Alex Kearns died thinking he owed hundreds of thousands for stock market losses on Robinhood. His parents have sued over his suicide.

In the wrongful death suit, Alex Kearns' parents accuse the company of targeting unsophisticated traders like their son.

www.cbsnews.com

This should be thrown out of court. He walked in front of the train
all by himself.

 

[Star]

A- Strong case if the jury has zero idea what an options trade is/looks like
B- Very Weak case if the jury understands that number is the worse case of many pending transactions