A software developer is letting users on Twitch try to beat the stock market with $50,000 of his own money.
The anonymous individual, who has only identified himself as Mike, set up a channel on the Amazon-owned (AMZN) - Get Amazon.com Inc. Report site called StockStream with it being called the "world's first cooperative multiplayer stock market." The system works by users on Twitch commenting what stocks they would like him to buy or sell. Every five minutes the system will then make the most popular trade automatically. StockStream can make 78 trades a day while the stock market is open.
The man behind the project has insisted that he'll keep the channel going until he runs out of money. Although, fortunately for him, he can only lose $25,000 because the Financial Industry Regulatory Authority requires that a portfolio maintains a value of $25,000.
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This article was written by a staff member of TheStreet.