Phenomenon: On This Score, Robinhood Now Exceeds E*Trade, Others View Larger Image “It is a mistake to look too far ahead. Only one link of the chain of destiny can be handled at a time.” – Winston Churchill The holidays, with all of its gift-giving elves, came early this year with new data; data that I have been crunching non-stop for the past week – and will likely continue to crunch in the week ahead. The exercise has yielded one “I-shit-you-not” revelation after another after another, almost as if such a trove could not exist in the public domain lying around for free. However, rather than fully unwrap any of these gifts right hear and right now (and go through the instructions in detail), I’m just going to set this one down under the tree for the weekend… Until next time…
Robinhood cans UK launch edited by the Finextra editorial team based upon its relevance and interest to our community. Robinhood cans UK launch 21 July 2020 5 4 0 Stock trading app Robinhood has abandoned its UK launch and put plans for global expansion on hold as it deals with operational problems caused by an explosion of day trading in its core US market during the Covid-19 pandemic. In a statement, the firms says: "We'll be closing our waitlist and taking down our UK website shortly. The world has changed a lot over the past several months and we’re adapting with it." The firm says its efforts are currently best spent "on strengthening our core business in the US and making further investments in our foundational systems." The firm, which topped up its Series F funding round with an extra $320m last week, now has 13 million users in the US after millions of new users flocked to the app in an effort to take advantage of volatility in US stocks. The spike in demand has exposed a number of operational constraints in its technology platform, with the firm experiencing a number of outages throughout March