Robinhood, Etrade go down as stocks soar
Stock trading platforms Robinhood and Etrade have gone down on a day that’s already seeing stocks soar.
Neither company acknowledged immediate outages with their platforms. Robinhood’s status page says all systems are “operational,” but its website crashed on loading, stating: “An internal error occured! [sic].”
After weeks of turbulent markets largely driven by coronavirus concerns, the Dow Jones Industrial Average (DJIA) is up 3% in early morning trading.
Users quickly turned to Twitter to complain.
Robinhood, which earlier this month raised $280 million pushing its valuation to $8.3 billion, took heat in March after two days of outages saw users unable to trade on the platform. The financial startup said it would offer case-by-case compensation to its 10 million users for their troubles. Months earlier, the company admitted a glitch that let users borrow more money than they were allowed.
Morgan Stanley bought Etrade earlier this year for $13 billion.
We’ll have more as we know it.
Post by startupsnows.blogspot.com
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