In a significant disruption for traders, Robinhood, the widely-used commission-free trading platform, faced a major outage today, impacting thousands of users during a critical time in the US market, as analysts warn in the report.
Widespread Login Failures and App Crashes
The outage resulted in widespread login failures, app crashes, and halted trading, particularly during the volatile opening of the weekly market. Users took to social media to express their frustration, labeling the situation as unacceptable and calling for investigations into the cause of the disruption.
Concerns Over Platform Reliability
As the trading day progressed, many users found themselves unable to access their accounts or execute trades, raising concerns about the reliability of the platform. Despite the growing outcry, Robinhood has not yet released an official statement. Users are left to seek information through social media channels.
