robinhood outage compensation reddit
The popular trading app — used by 10 million investors — was down for nearly two days. On March 2nd, 2020, Robinhood suffered serious outages. Members. Now, class action lawsuits are emerging as traders seek compensation for missing […] Almost immediately after the public outcry following the crash, Robinhood initially said they would start the compensation process by offering its Robinhood Gold customers three months free, the equivalent to $15. 22 comments. 95.6k. Posted by 12 minutes ago. At $5 per month, that’s a total of $15—but you may still need to pay interest fees for activity during that timeframe. The SEC also received more than 400 complaints against Robinhood in March of 2020, when the stock trading platform inexplicably had an outage during one of the highest performance days in history. Robinhood offers $15 discount, blames outage on record trades The $912 million-funded fintech giant will provide compensation to all customers of its Robinhood Gold premium subscription for borrowing money to trade plus access to Morningstar research reports, Nasdaq data, and bigger instant deposits. TechCrunch has reported that compensation may be granted out on a case-by-case basis, but the form of that compensation has not been determined. Online. - Robinhood's Compensation, Lawsuits and More! Robinhood outage and reported problems map Robinhood is a smartphone app that allows individuals to invest in publicly traded companies and exchange-traded funds listed on U.S exchanges without paying a comminsion. Robinhood has experienced several outages, including a multiday outage in March, leaving some clients unable to trade during a historic day for the markets. save. hide. robinhood "outage" looks like robinhood cant handle doge. The total downtime is not expected to be longer than 1 hour. I had got into stocks in January 2021 as a new years resolution. robinhood "outage" Close. Robinhood Outage UPDATE! report. Forbes reported: 1.3m. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Vote. Afflicted clients may receive billing credits or other compensation … Here's what they're saying. Robinhood's offer to traders impacted by outage comes with a catch: No lawsuits allowed Published Fri, Mar 27 2020 6:56 PM EDT Updated Fri, Mar 27 2020 7:41 PM EDT Kate Rooney @Kr00ney READ MORE: Elon Musk, Ted Cruz, Donald Trump Jr, Barstool Sports, More Slam Robinhood For Banning ‘Meme Stock’ Trades. Following the outage, a spokesperson told TechCrunch that Robinhood would be looking into compensation “on a case-by-case basis”. TechCrunch reported that when Robinhood first made statements about the outage, they said that they would “provide compensation to all customers of its Robinhood Gold premium subscription for borrowing money to trade plus access to Morningstar research reports, Nasdaq data, and bigger instant deposits. The much wow innovative crypto-currency. May 12, 21:55 PDT The most amazing place on reddit! But Robinhood's restricted list was way bigger and included stocks such as AMD, AAL, BYND, GM, IPOE, MRNA, and SBUX. Scheduled - Robinhood Crypto is undergoing a planned systems upgrade, and trading is temporarily unavailable as a result. share. Robinhood outage and reported problems chart Stay up … We’ll let you know as soon as everything is back up and running. Robinhood is offering its Gold subscription customers a credit for three months. In August, the company announced a Series G funding round of $200 million, boosting its valuation to $11.2 billion. 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