On Tuesday, for the second straight day, stocks app Robinhood was experiencing severe downtime, angering millions of users who weren’t able to take advantage of a rebounding stock market.
On Monday, the app was down for a total of 17 hours while stocks made a huge rebound, the Dow rallying nearly 1,300 points and the S&P 500 gaining 500 points. It was a huge recovery following last week’s stocks nosedive caused by widening coronavirus fears.
Stuff hit the fan all over again Tuesday morning, with the company again reporting outages just as the Federal Reserve announced they were cutting interest rates by half a percent, causing another spike in stock values. Read more…
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