YouTube star David Dobrik decided to invest his money in GameStop stock last week during the stock’s boom, but now he reveals he’s lost a ton of money on the gamble.
The 24-year-old social star revealed on the latest episode of his podcast that he invested about $50,000 in GameStop stocks.
Just last week, stock for GameStop soared after a group of people on Reddit were able to get the stock price for it to rise significantly and cause a hedge fund worth billions of dollars to go bankrupt in the process.
A movie based on the GameStop stock drama is already in the works with a popular star attached.
Click inside to find out how much money David Dobrik lost…
At its high point on January 28, the GameStop stock went to $483. The stock closed at just $53.50 on February 4.
David revealed exactly how much money he lost on the stock during his podcast.
“It’s been five days since we last talked about stocks. You know how much I made so far? … I haven’t pulled out yet, but so far I’ve lost $85,000. It’s so bad,” David said (via Buzzfeed).
“I f–ked up. I f–ked up. I f–ked up, bro,” he added with a laugh. “I saw it coming. I f–king saw it coming.”
David continued, “It’s pissing me off ’cause I’m so bad at stocks. I f–king hate stocks; it is not my game … I only like doing it because I like gambling. That’s my favorite thing to do is going to the casino.”
David still hasn’t cashed out on his stocks so he’s definitely hoping it will boom.
“I’m holding it out … More than a majority of my money is tied up in the stock market, but this time I took matters into my own hands,” he said. “I had fun. The way I look at it is, Hey, this would be a podcast story.”
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