Stock trading platforms Robinhood and Etrade are down as stock markets soar. Neither company acknowledged instant blackouts with their platforms. Robinhood’s status page says all systems are “operational,” but its website crashed on loading, stating: “An internal mistake occured! [sic]”
After weeks of unstable markets largely driven by coronavirus issues, the Dow Jones Industrial Average (DJIA) is up 3% in morning trading.
Users rapidly relied on Twitter to complain. Robinhood, which previously this month raised$280 million pushing its valuation to $8.3 billion, took heat in March after a number of days of blackouts saw users unable to trade on the platform. Users were left furious after the outage avoided access to the platform on what was among the busiest trading days of the year so far.
The monetary start-up stated it would use case-by-case settlement to its 10 million users for their problems. Months previously, the business confessed a problem that let users obtain more money than they were enabled.
we know it. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.