October 24, 2020

CAMERON HB

Business, technology and hacks

Robinhood trading app remains down for a second day

Robinhood trading app remains down for a second day


For the 2nd working day in a row, traders who use the Robinhood app to acquire and promote shares had been not able to perform trades.

The enterprise, which documented a “major outage” on Monday was down again Tuesday early morning, adhering to news the Federal Reserve reduce its benchmark interest rate by a 50 percent-place, the most important reduction in 12 a long time.

At 11:35 a.m. ET, the company reported &#8220partial service&#8221 experienced been restored, an improve sort the &#8220process-vast outage” the firm declared via its web-site at 10:00 a.m. ET.

But buyers who experimented with to email the company to handle the outage ended up unable to, as the company’s e mail assist process continues to be down as nicely.

The crash comes following Robinhood announced Monday evening that it was “back up and running” following lacking the total trading working day, when the stock current market noticed the major a person-working day gains in its record.

Robinhood has been a well-known device for millennial buyers, due to its fee-totally free coverage and openness to cryptocurrencies. The company has not given a cause for either of the outages, though just one attainable trigger is a surge in trade quantity as buyers grow much more concerned with the coronavirus outbreak.

Even nevertheless the difficulty was partly settled within a few of hrs, a 2nd day of outages appeared to be screening the goodwill of the company’s purchaser base.
Chris Morris

Far more will have to-go through tales from Fortune:

—Coronavirus spreads to a earlier healthful sector: company earnings
—A Fed charge reduce will not get rid of what’s ailing the inventory marketplace
—How firms like Ernst & Youthful are heading to extremes to keep away from bacterial infections
—These towns have the most careers with six-determine salaries
—Credit Karma was acquired relatively than pursuing an IPO. Will a lot more providers comply with match in 2020?

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