NEWSORZO
No Result
View All Result
Monday, April 19, 2021
  • Home
  • Business
  • Tech
  • Startups
  • News
Subscribe
NEWSORZO
  • Home
  • Business
  • Tech
  • Startups
  • News
No Result
View All Result
NEWSORZO
No Result
View All Result
Home News

Robinhood’s downtime as a stress test for the consumer fintech boom

by news
March 4, 2020
in News
0
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.

Earlier this week, the popular free stock trading service Robinhood suffered downtime over a two-day period. The company, a well-funded unicorn taking on incumbents in its industry, failed to operate properly when the public markets were surging on Monday (bad) and falling on Tuesday (very bad).

Complaints flooded investing forums and social media. Images of Robinhood account screens featuring huge losses from the periods of downtime (or missed upside) weren’t hard to find. For Robinhood, it wasn’t its first misstep, but it was perhaps its worst. Mishandling the rollout of a high-yield savings function? Embarrassing, but hardly a serious wound. Some options oddness? Eh, not the worst.

Going down during surging volatility? Much worse. The company is already in the market with apologies and some give-aways to try to stem the negative news cycle. But what’s notable so far is that, while you might expect to see rival apps and services to Robinhood boom in the wake of its downtime, it instead appears that only select competitors to the popular company are seeing a jump in downloads this week. And given the insane market movements, it’s hard to pin some of their gains on Robinhood instead of, say, what stocks are themselves doing.

What the $13B E-Trade deal says about Robinhood’s valuation

I’d expected by today to have some data in hand that painted a starker picture for Robinhood, given that the company’s recent missteps triggered a lot of negative press and user reaction. Let’s peek at what numbers can tell us, and try to figure out if there’s a lesson for consumer fintech and finservies companies while we’re at it.

  • Trending
  • Comments
  • Latest

Amazon Seller Certifications Highlight Women and Veteran Owned Small Businesses

February 26, 2020
The Changing Role Of Airports IELTS Reading Answers

The Changing Role Of Airports IELTS Reading Answers

October 4, 2020
Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

Teeoh’s avatar social platform aims to beat the odds

January 4, 2020
Best Hand Lettering Quotes For Inspiration

Best Hand Lettering Quotes For Inspiration

October 18, 2020
Mrs.Bzzz expands management team

Mrs.Bzzz expands management team

0
Red Dead Redemption PC is finally fixed, Rockstar promises

Red Dead Redemption PC is finally fixed, Rockstar promises

0
Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

0
Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

Crimson Tiring Redemption 2 PC gets a repair for stuttering – but it no doubt could perchance per chance also approach at a heed

0
Mrs.Bzzz expands management team

Mrs.Bzzz expands management team

April 19, 2021
5 Benefits of Social Media to the Recruitment System

5 Benefits of Social Media to the Recruitment System

April 18, 2021
21 Minimal Simple Business Cards (PSD) Templates

21 Minimal Simple Business Cards (PSD) Templates

April 18, 2021
The War for Talent Is Here: What’s Your Strategy to Win It? 

The War for Talent Is Here: What’s Your Strategy to Win It? 

April 17, 2021

Recent News

Mrs.Bzzz expands management team

Mrs.Bzzz expands management team

April 19, 2021
5 Benefits of Social Media to the Recruitment System

5 Benefits of Social Media to the Recruitment System

April 18, 2021

Categories

  • Business
  • News
  • Startups
  • Tech

Site Navigation

  • Privacy Policy
  • Disclaimer
  • Contact Us
  • Advertise
NEWSORZO

NEWSORZO is online business journal that focuses on providing news related to the business world, startups, economic developments and more.

© 2020 NEWSORZO - Online business journal that focuses on providing news related to the business world, startups, economic developments and more.

No Result
View All Result
  • Home
  • Business
  • Tech
  • News
  • Startups

© 2020 NEWSORZO - Online business journal that focuses on providing news related to the business world, startups, economic developments and more.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In