New slogan: “You can’t lose if you can’t trade.” https://t.co/yrhxmaTKv0
— Bill Gurley (@bgurley) March 3, 2020
Our systems are currently experiencing downtime. We’re determined to restore full functionality as soon as possible. We’ll be sharing updates here and on https://t.co/ZS733Gooqj.
— Robinhood Help (@AskRobinhood) March 3, 2020
Expectations were for both Airbnb and Robinhood to go public this year.
— Dan Primack (@danprimack) March 3, 2020
That sound you hear is the window slamming shut. https://t.co/JoQc7TjVCb
I just want to say I'm not really sure how the heck Robinhood's outage was a DNS issue.
— Zach Tratar (@zachtratar) March 4, 2020
DNS is a highly scalable technology. This sounds like they are putting tons of lipstick on a pig. Eagerly awaiting the post-mortem...https://t.co/mcQcXcTRR0
Robinhood will only give Gold customers $15 back, though it's exploring other forms of case-by-case compensation https://t.co/ATdNcx27T8 tip @Techmeme
— Josh Constine (@JoshConstine) March 4, 2020
nothing breaks through in this news environment
— rat king (@MikeIsaac) March 3, 2020
but Its pretty insane that a unicorn stock-trading startup ceased to function all day at probably the worst possible moment
now people are claiming they lost hundreds of thousands of dollarshttps://t.co/owW4S5ymtf
in true silicon valley fashion, robinhood is trying to make epic downtime look like a....win? https://t.co/6do003nxZ4 pic.twitter.com/Zaw8rsLCSt
— drew olanoff (@yoda) March 4, 2020
The lawsuits here will be nuts. https://t.co/9MHHxmVjRC
— Chamath Palihapitiya (@chamath) March 3, 2020
The casino has reopened. https://t.co/49vQ5sY0qh
— Steve Burns (@SJosephBurns) March 4, 2020
I can’t imagine a worse horror story for an SRE team than for your stock trading app to go down the day of a stock rally after a week of steepest drop in over a decade.
— Dare Obasanjo (@Carnage4Life) March 3, 2020
This kind of outage would kill a smaller company. Luckily they have a strong brand.https://t.co/B7YNtUYQNE
Robinhood is now fully restored. We know this has been frustrating and we will work diligently to provide the level of service you deserve.
— Robinhood Help (@AskRobinhood) March 3, 2020
Just so happens Robinhood released a statement on the outage.
— Frank Chaparro (@fintechfrank) March 4, 2020
Takeaways:
- Outage was caused by record sign-ups/volumes
- There could be more outages in the near term
- No apologyhttps://t.co/sXHXveIB86 https://t.co/FYXXi3HGyI
Robinhood was supposed to be the tech savvy alternative to the old-school stock brokerages -- helping it to a valuation of $7.6 billion. Then its technology stopped work at the moment it was needed the most. https://t.co/J7fszWQs9o
— Nathaniel Popper (@nathanielpopper) March 3, 2020
I shared some thoughts on the Robinhood outages w/@tarasbernard today
— Ben Carlson (@awealthofcs) March 3, 2020
I have a feeling they're going to lose a lot of customers (one of which might be me)https://t.co/LY0uwpNmtH pic.twitter.com/GDPa0DA6Pl
Reading @fintechfrank on the robinhood meltdown https://t.co/cjLLgEtbKc
— alex (@alex) March 4, 2020
My take on Robinhood's outage: Robinhood's 17-hour outage reignites debate over a controversial rule that reshaped the stock markethttps://t.co/t4Lny2iUH5
— Frank Chaparro (@fintechfrank) March 4, 2020
“Market structure experts say regulators will likely react, possibly harshly. It is also possible that the @RobinhoodApp incident could reignite debates over a little-known regulation called Reg SCI” ~ @fintechfrank https://t.co/CpmytQnztA
— Mike Dudas (@mdudas) March 4, 2020
Good to see @fintechfrank and the Block covering broader fintech / trading issues & infra. https://t.co/Iaxg7jMBr9
— Teddy Fusaro (@teddyfuse) March 4, 2020
Interesting stuff from @fintechfrank on the Robinhood outage https://t.co/zBy11rfYla
— Joe Weisenthal (@TheStalwart) March 4, 2020
Robinhood's 17-hour outage reignites debate over a controversial rule that reshaped the stock market (via @fintechfrank)https://t.co/JZr7Dv5JQP
— The Block (@TheBlock__) March 4, 2020
Robinhood will only give Gold customers $15 back, though it's exploring other forms of case-by-case compensation https://t.co/ATdNcx27T8 tip @Techmeme
— Josh Constine (@JoshConstine) March 4, 2020
This is horrific. Individual users' losses could easily be in the tens of thousands of dollars ... but how would you prove it? >>
— John Koetsier (@johnkoetsier) March 4, 2020
Robinhood offers $15 discount, blames outage on record trades https://t.co/uV5RCuW5hR by @joshconstine
#robinhood offers $15 to quell blood thirsty mob (customers) #insane
— SheepWolf (@realsheepwolf) March 4, 2020
?????https://t.co/6PgpC5eiTd
Robinhood offers $15 #discount,
— Spiros Margaris (@SpirosMargaris) March 4, 2020
blames outage on #recordtrades https://t.co/0xryN3KpDm #fintech #wealthtech @joshconstine @TechCrunch @RobinhoodApp pic.twitter.com/eyhJCKvxnt
Robinhood offers traders $15 for going down as markets gained $1.1T (by @dcanellis) https://t.co/dVhSEMclXl
— TNW (@thenextweb) March 4, 2020
#Fintechs should take a lesson from the major financial firms on how to build infrastructure that can withstand the current market volatility #InterSystems https://t.co/DLaPyOqPSR https://t.co/r5h7KoA39i
— Joe Lichtenberg (@joelichtenberg) March 4, 2020
FRBが金利を下げたニュースを受けてアクセスが殺到し、Robinhoodのアプリがまたクラッシュしたそう。Robinhoodの利用規約にはクラッシュの際の損害の免責は明記されており、また今回は昼過ぎに復旧しているが、集団訴訟は免れないだろうという話。https://t.co/WoYAvARznN https://t.co/99Xr4xl9el
— 今村咲 (@saki_imamura) March 3, 2020
‼️?‼️ Trading app Robinhood experiencing 'major outage' for a second day amid heavy volume market action https://t.co/qKNE5ymJLa ❗️?❗️ #Followback #SiguemeYTeSigo pic.twitter.com/a4LUC6sHq0
— ? Ojos al Saber ? (@Ojos_al_Saber) March 3, 2020
#Robinhood outage leaves customers robbed of the opportunity to trade during – Check out alternatives on https://t.co/Up5yMr7Zba.https://t.co/Z7XmPlXT27#robinhooddown #robinhoodoutage @RobinhoodApp
— Nummo (@nummo_com) March 3, 2020
Trading app Robinhood experiencing 'major outage' for a second day amid heavy volume market action https://t.co/E4T5qIpT0y
— CNBC Tech (@CNBCtech) March 3, 2020
Wonder if this might be a catalyst to convince some Robinhood users to switch to something like the Cash app for their investing needs... $SQhttps://t.co/9rh86Vcudf
— Paul Essen (@paul_essen) March 3, 2020
Robinhood’s downtime as a #StressTest
— Spiros Margaris (@SpirosMargaris) March 5, 2020
for the #consumer fintech #boom https://t.co/HC0PBnSyVL #fintech #wealthtech @alex @TechCrunch @JimMarous @leimer @RAlexJimenez @TheRudinGroup @guzmand @UrsBolt @helene_wpli @Xbond49 @AntonioSelas @efipm @NeiraOsci @Visible_Banking pic.twitter.com/EnMhh0Sbrr
Robinhood’s 17-hour outage reignites debate over a controversial rule that reshaped the stock market @fintechfrank https://t.co/jfbaioUVFv
— Kevin McPartland (@kmcpartland) March 4, 2020
Robinhood outage triggers lawsuit threat by angry users: https://t.co/lY04Uvc219
— PYMNTS (@pymnts) March 4, 2020
This is costly. https://t.co/VATscNKRNp
— Chris Brummer (@ChrisBrummerDr) March 4, 2020
Robinhood offers traders $15 for going down as markets gained $1.1T (by @dcanellis) https://t.co/kXsFLuC7SE
— TNW (@thenextweb) March 5, 2020