Markets opened to chaos on Monday as Robinhood users flooded social media with outage complaints, unable to access trades just as stocks began moving fast.
The incident, although unrelated, coincides with Mike Novogratz’s Galaxy Digital launching retail trading app to compete against Robinhood.
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Outage Hits Robinhood — Galaxy Digital Gains on New App
Robinhood users are reporting widespread disruptions across the popular retail trading app, with outage complaints spiking sharply in the past hour.
Several users say they were unable to execute trades or access account information during market open. Notably, this is regarded as a crucial window for short-term traders.
The comment echoes frustration shared by hundreds of others across social platforms. As of press time, Robinhood’s official social media channels and status pages had not acknowledged or explained the incident.
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Shares of Robinhood (HOOD), fell about 1.25% on Monday, trading around $147.42, as users continued to report problems.
This marks the second high-profile platform glitch in recent months, after the Base chain outage in early August. It revives questions about infrastructure resilience during peak trading periods.
The timing could not be worse for the retail-focused brokerage. While Robinho
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Author: Lockridge Okoth
