A week earlier, Charles Schwab and Fidelity had outages as well, the article reads, while TD Ameritrade also experienced problems. One theory surrounding the trouble is higher-than-normal trading as the market reacts to concerns about coronavirus. In December, Robinhood said it had 10 million users.
Estimated reading time: 0 minutes, 25 seconds
Robinhood Crashes As Dow Jones Enjoys Record Day
Free trading service Robinhood crashed during a window of abnormally high volume trading, causing users to miss out on the largest one-day gain in the history of the Dow Jones Industrial Average. So reports CNBC.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Jan 16 2020
-
Written by FinTech News Brief Staff
Representatives from the Reserve Bank of Australia said they are…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 24 2020
-
Written by FinTech News Brief Staff
MicroStrategy Inc. became the first public company to invest “the…
-