My math is poor, how did he do that? 50000/3=about 17k>17000x400=about 7mil. Or did he sell and buy during dips and the like? From what I read, not just memes, there was a bit of research, bottled frustration (the whole rich vs poor bit), time (due to lockdown), and a bunch of other bits, that went into this recipe.
i'm not quite sure, i didn't look into the logistics and stuff behind it that much you can go look at his reddit history and see, his username is deepfuckingvalue
Yeah, just tried it, and have no clue how to read that, so whatever, will just sit back and enough the show.
There are three outs, 1) the broker can let them borrow for longer, at least for part of the under 100% to reduce losses, 2) a trading halt in the stocks or, 3) the SEC freezes the accounts of people. I doubt any of the above shenanigan's will happen but you never know if there are shady deals happening behind closed doors.
Congrats, on your newfound wealth, if taxes are a thing in your locale, you may want to be wary about that expense and plan for it. May you continue to acquire more wealth, prosperity and happiness (Gong Xi Fa Cai!)