INSUBCONTINENT EXCLUSIVE:
to 11pm Pacific, then had another outage this morning from 6:30am Pacific until just before 9am Pacific.The $912 million-funded fintech
giant will provide compensation to all customers of its Robinhood Gold premium subscription for borrowing money to trade plus access to
Morningstar research reports, Nasdaq data, and bigger instant deposits
Before a pricing change, the flat fee per month could range as high as $200
However, compensated users will only get the $5 off per month, for a total of $15
That could seem woefully insufficient if Robinhood users missed out on buying back into stocks like Apple that went up over 9% on Monday
company spokesperson Jack Randall tells me
accounts during the outage.Compensation could become a significant cost if the startup assesses that many of its 10 million users were
The markets gained a record $1.1 trillion yesterday, but some Robinhood traders may not have been able to buy back in as the rebound
The outages you have experienced over the last two days are not acceptable and we want to share an update on the current situation
We worked as quickly as possible to restore service, but it took us a while
been a frenzy of retail trading activity in the wake of coronavirus
improve the resilience of our infrastructure to meet the heightened load we have been experiencing
