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Jack Smith on How r/WallStreetBets is Beating Wall Street - From the Archive
My First Million
The Rise and Fall of Robinhood
"It's so crazy what Robinhood has become. I feel kind of sad for people because I think it's going to mess up a lot of people," he says. "I actually had a funny story about three days ago, I'm in this chat group and I posted I said, hey, who's got hot stock tipped for me? I feel like gambling." The short position against Tesla was 25 million by the end of 2020; now there is more than 60 million positionsShorted stocks can essentially move the needle of the stock just by putting in like $1,. You're basically doing a game of roulette.
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