The guy’s obviously mentally ill, but sounds like the only reason he ever got that much money was because of a bidding war.

Stupid companies not looking at what they’re investing in, and just copying each other to try and get what the other wants 🤦‍♂️

When Netflix acquiesced and wired the money, Rinsch sent most of it directly to his personal Charles Schwab account, and made big bets on biotech firm Gilead Sciences, and on shorting the S&P 500 index. In just a few weeks he’d lost $5.9 million. Cutting his losses, Rinsch pulled $4 million from his Schwab account and put it directly into Dogecoin. Wow, such invest.

Hahaha they gave $millions to a guy from r/wallstreetbets