The stock market has been on fire in recent days due to a group of retail investors on Reddit rallying together to help drive the stock prices of GameStop, AMC and other other companies through the roof.
Dallas Mavericks owner Mark Cuban revealed that his 11-year-son has “made trades” in AMC and BlackBerry and got all his info from Reddit and TikTok.
I got to say I LOVE LOVE what is going on with #wallstreetbets. All of those years of High Frequency Traders front running retail traders,now speed and density of information and retail trading is giving the little guy an edge. Even my 11 yr old traded w them and made $
— Mark Cuban (@mcuban) January 28, 2021
Cuban, 62, is one of the richest people in the world.
The billionaire is a core part of the Mavericks’ operations. He has been very involved and supportive over the course of his ownership of the team.
In addition, Cuban has been a key ally for NBA players in recent years. He’s been in the headlines for sparring with numerous politicians.
The Mavericks captured a championship under his tutelage in 2011. Now, the Mavericks are looking to get back into contention with rising superstar Luka Doncic.
The Mavericks hold a 8-10 record this season.