INSUBCONTINENT EXCLUSIVE:
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.Earlier this week, the
popular free stock trading service Robinhood suffered downtime over a two-day period
The company, a well-funded unicorn taking on incumbents in its industry, failed to operate properly when the public markets were surging on
Monday (bad) and falling on Tuesday (very bad).Complaints flooded investing forums and social media
Mishandling the rollout of a high-yield savings function? Embarrassing, but hardly a serious wound
Some options oddness? Eh, not the worst.Going down during surging volatility? Much worse
The company is already in the market with apologies and some give-aways to try to stem the negative news cycle
instead appears that only select competitors to the popular company are seeing a jump in downloads this week
triggered a lot of negative press and user reaction
