Investing App Robinhood Is Down—Again

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Investment app Robinhood is down for trading this morning during one of the most volatile mornings in recent stock market history. The S&P 500 fell so dramatically right after the New York Stock Exchanged opened that it triggered a “limit down” pause on trading, which hadn’t occurred since 2008.

A tweet from the company shared that the company was investigating the issue and users could see updates on Robinhood’s status webpage.

Less than 30 minutes later, trading had been “partially restored,” according to another tweet.

A representative said the company is investigating the issue and will share more details as they become available.

The app experienced outages on Monday and Tuesday last week, as the market rebounded from a February 27 drop amid coronavirus concerns; when the market began to rise ahead of a Federal Reserve rate cut announcement, some users discovered they were locked out of their Robinhood accounts.

Robinhood said the outage was due to high volume and market conditions. While it didn’t announce any specific compensation for customers using the free version of the app, it did announce a three-month credit for Gold subscribers.

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