How One Mistake Lost Robinhood $57 Million in One Day
MagooInvesting MagooInvesting
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 Published On Mar 3, 2023

Robinhood made a $57 million dollar OOPSIE, here's what happened and why people are happy that it happened to them!


#robinhood #investing #financialeducation


Let's talk about the story about how a glitch or mistake led to robinhood losing $57 million dollars in a single day. It's a story about accidental short selling and how that screwed them over. After the problems they created during the gamestop short squeeze in 2021, people were pretty happy to see Robinhood app making this mistake. My favorite part is that the loss that they took was worth more than the entire stock that they were making the mistake with! Let me know what you thought about this story and I'll see you in the next video!


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