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Robinhood trading app suffers another outage as markets whipsaw – Source Reuters Tech News

(Reuters) – Robinhood Markets Inc, the fintech startup that introduced millions of millennials to equities, options and crypto trading, greets visitors to its website with the motto, “It’s Time to Do Money.”

But on Monday, many of the firm’s 10 million users found it difficult to “Do Money” in a timely way after the third outage of Robinhood’s trading platform in a week amid an extended spike in market volatility over coronavirus concerns.

“So much for trying to invest for the first time. Thanks for ruining my taste of it lol,” said one user on Robinhood’s Twitter help feed.

The Menlo Park, California-based company said on its website that trading was “functional for new orders with the exception of fractional equities since at least 10:25 AM ET.” But many users took to social media to complain that they were still not getting confirmations for earlier sell and cancel orders.

A spokeswoman for the firm said buy and sell orders placed after service was…

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Source Reuters Tech News

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