10/26/2023 0 Comments Use robinhood app![]() ![]() It remains unclear what exactly Kearns believed had happened nonetheless, the app’s display for his account made it seem as if he had incurred disastrous losses. As such, Kearns may have misunderstood how the app calculated his overall balance. ![]() ![]() But this may not have represented the amount he was due to repay rather, it was a temporary balance that had yet to account for the stocks underlying his options positions that had not settled in his account. ![]() On June 20, 2020, it was reported that 20-year-old Alexander Kearns, a student at the University of Nebraska, had taken his own life after believing he had racked up more than $700,000 in losses by trading options using the popular Robinhood investing app.Ī screenshot taken from Kearns’s mobile phone revealed that his account showed a negative balance of $730,165.
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