INSUBCONTINENT EXCLUSIVE:
Investors using the trading app from Robinhood were once again locked out of trading after the app went down on another heavy (bad) day of
trading on Wall Street.After about an hour of downtime, functionality on the app has now been partially restored.The latest outage came one
week after an outage took down the app on what was one of the busiest trading days of the year.In the aftermath of the outage, Robinhood
the company is compensating users for the earlier outage.The $912 million-funded fintech giant said it would 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
Below you can see the email Robinhood sent to customers late last night.This story has been updated to include information that
functionality has been partially restored.
