Category: Robinhood
Robinhood will offer “case-by-case” compensation for its outage on the day markets gained $1.1 trillion
Robinhood, the popular trading app with a purported 10-million-strong user base and a $7.6 billion valuation, said it will offer compensation for yesterday’s outage on a case-by-case basis, according to a company spokesperson. The company issued a statement early Tuesday documenting that the outage began at around 9:30 AM Eastern…
Read More
Robinhood suffers prolonged outage on the day the Dow enjoyed its single biggest point gain
Robinhood, the startup with a stock trading app valued upwards of at least $7.6 billion, suffered one of its worst outages on one of the busiest trading days of the year. As the Dow Jones Industrial Average enjoyed the single biggest point-gain in the history of the index, Robinhood’s application…
Read More
What the $13B Etrade deal says about Robinhood’s valuation
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re living up to the introduction of this daily column by digging into the recently announced Etrade sale and what its new price and recent financial performance can tell…
Read More