Robinhood falters on a day where they were needed most.

This past weekend the market took a drop and people were selling like crazy to keep from losing big. But one of the benefits from a market plunge is the benefit of picking up key stocks at a cheaper rate and Monday was a big buying day if you were looking to buy as the market was recovering. Unfortunately, those of us that had Robinhood we were out of the game, literally.
Robinhood’s claim to fame is the ease of being able to buy and trade stock without any brokerage fees. Literally any and everyone can pick up the app and begin to buy and trade stocks on the market.
But on the day that buyers were looking to buy Robinhood’s servers went down. And there were literally a bunch of angry traders left out of one of the biggest market swings in awhile. Stocks rallied and people like me were looking at options on how to get back trading in the market.

Robinhood posted their response.

We are still experiencing system-wide issues. Our team is continuing to work to resolve this and we’ll provide updates as they become available.

We apologize again for the trouble this has caused and appreciate your patience with us as we work to resume service.

I know misfortunes happen, but a situation like this just can’t be taken lightly. I have since decided to move my funds from Robinhood and am currently looking to find another place to trade. Not saying I will never use Robinhood again, I just can’t overlook how much money I lost. And as a result, I will be looking for another place to begin trading.

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