Chris Sacca took advantage of a similar glitch in the early days of online broke... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		divbzero on Nov 5, 2019 \| parent \| context \| favorite \| on: Robinhood Traders Discovered a Glitch That Gave Th... Chris Sacca took advantage of a similar glitch in the early days of online brokerages. [1] The leverage yielded phenomenal returns before it sent him into $4M of personal debt. It took him years to climb back up to $0. [1]: https://www.financemagnates.com/forex/brokers/chris-saccathe...

HanayamaTriplet on Nov 6, 2019 [–]

He was able to negotiate that $4M debt down to $2.125M, [A] proving once again that if you owe the bank $100 million, it's the bank's problem.

[A]: https://pando.com/2012/11/01/how-chris-sacca-turned-his-stud...

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact