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Is Mark Cuban's son Jake already investing? 11-year-old made money trading with Reddit group, claims billionaire

There is very little doubt his father has already begun teaching him the art at a young age

As r/WallStreetBets, the Reddit day-trading forum continues to make headlines, it turns out that one of the beneficiaries was billionaire Mark Cuban's son, Jake Cuban. The Dallas Mavericks owner, in his tweet, said his 11-year-old son made money by trading with r/WallStreetBets. "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 $" he tweeted.

This has made many to wonder if the still-to-hit-his-teens son has already forayed into the world of investments. This tweet from Cuban saw some replies on Twitter where people had mixed opinions about the move although they were happy for Jake. "I’m openly mad and jealous at a kid learning about stocks because me and my husband aren’t doing good financially. This isn’t fair!!” read one of the tweets. "Dear Mark, pls see Rule 10(b) of the SEC act of 1934... we all root for the little guy, but coordinating essentially DDOS attacks to gamma squeeze short sellers is not legal... even if we do love the outcome..." said another.

For those unaware, the members of the chat group centered on stock-investing which numbered around 3.5 million by January 28 kept urging each other to push the prices of stocks higher rather than aim squeezing short-sellers betting against them. The result was a whopping explosion of prices of stocks that were highly shorted. One classic example was that of GameStop whose stocks rose exponentially. This was a company that was on a decline until late 2020 with the stocks being priced at $20.

This became an opportunity for online amateur traders, especially members of the Reddit group to put short-sellers in a spot. Instead of selling the stocks after a reasonable hike and then buying it later when the stock price falls again, the daytime traders decided to buy the stocks that had seen even some hike in price. In this attempt, the stocks of GameStop were bought so exhaustively that the stock prices saw an upward rise. So much so that trading had to be suspended multiple times.

Coming back to Jake, there is very little doubt his father has already begun teaching him the art at a young age. Previously, Cuban has explained he was teaching his kids to earn their own money. "I tell them, look, after your health my number one thing for y’all is I don’t want you to be entitled jerks," Cuban told Steve Harvey during an interview (Via Cheatsheet). "I want you to know what I had to go through, what my parents had to go through, and you’re gonna have to work for it."