Robinhood Outage All Day

Robinhood has been down all day so far, without hope for recovery today.
Many people claim large losses.

https://www.businessinsider.com/robinhood-down-outage-markets-rebound-coronavirus-backlash-2020-3

 

It's OK, it's free. Sorry, I could not help myself.

 

all day? and i thought tda was unreliable with 1h outages once or twice a year. IB = pretty much flawless

 

ROFL

 

Also, on reddit all RH users long puts are losing their mind and the long calls are happy they can't sell

Trade management by brokerage outage

 

Wouldn't be surprised if this was to prevent dumb money from benefiting from an up day.

 

I hope RH gets it fixed. We need the other side to trade.

 

Robinhood is estimated to have around $1,000 to $5,000 in average assets per account - how much could these people be losing?

 

Not surprised at all. I've been pounding the table in these Robinhood threads over the past few years about how any serious trader would be a moron to put serious money with them - free commissions or no, though now with even IB offering zero comms, RH has no value proposition whatsoever.

Sure enough, their systems crash right along with the market...

 

lol, that's exactly my thoughts. Remember any error that hurts you, that's your responsibility. If it benefits you, rest assured that error will be corrected.