Mark Cuban, despite market concerns, sees Reddit crowd as great equalizer on Wall Street

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'When you bring people out of nowhere to really show the inefficiencies of the market, it's a good thing,' the 'Shark Tank' investor told CNBC.

shares, telling CNBC he believes the contingent of investors hyping the stock on sites like Reddit have taken a page out of Wall Street pros' own book."Squawk Box."

"When you bring people out of nowhere to really show the inefficiencies of the market, it's a good thing," the billionaire entrepreneur added. At the same time, Cuban noted he was concerned about valuations across a range of asset classes and hasThe WallStreetBets crowd on Reddit is playing the speculative nature of the market, historically dominated by high-frequency computer-driven trading, Cuban said.

 

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“Market concerns” = CNBC rich buddies are losing. Fuck you

I remember when he had a similar sentiment about Trump

grifinapp is a healthier alternative. better feeling, automatic investing, with no monthly fee.

'it a good thing' now lets get back to trading

Not buying this garbage.

Terminate your RobinHood account. Fvck ‘em, if they’re going 2 rig the market. The stock market was the last bastion of capitalism in this world. We’ve all seen that the game is rigged 2 protect the rich & powerful. Hedge funds that make bad bets need 2 go bankrupt. Capitalism!!!

Doge

I think this stock market debacle is going to lead to a new era. Fuck*ng rich, old, white men will need to compete with smarter, younger, and more diverse traders and investors.

$GME Needs to sue every broker that restricted trading.

he's rich so he's probably right

“Let the people trade.” - While we sell your investing data to high frequency trading firms so they can profit off of your investments. But hey, LET THE PEOPLE TRADE! stoolpresidente

Since doesn't have the balls to show a billionaire OWNING its corporate pawn anchor, here's the footage in all its glory

You disgust me.

Now whose manipulating the market? By locking up buying they've apparently told the common people they'll do whatever is in their power to protect the rich hedge funds. They need to limit short selling to 20% of float.

dogecoin buydogecoin tothemoon

Clearly there's a problem with firms allowing naked shorts. A stock should never be 140% short of the overall issued stock. Brokerage firms are supposed to lock up shares that are already borrowed so who isn't playing by the rules?

AskRobinhood RobinhoodApp How will I be compensated for the losses and missed opportunity stemming directly from your restrictive actions on MY money? “Democratize finance for all”, right?

EbonyJHilton_MD

CNBC, Melvin, Citadel and Robinhood in bed together? Market manipulation happening right now. Unacceptable. Requires an investigation.

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