For example, shares in well-known companies, like Apple (NASDAQ: APPL). “By trying to block Robinhood, the division is attempting to bring its residents back in time and reinstate the financial barriers that Robinhood was founded to break down,” Robinhood said in a blog post Thursday.When it comes to stocks you can trade on Robinhood’s (NASDAQ: HOOD) brokerage platform, certain types of stocks may first come to mind. Dogecoin spiked after Elon Musk says he bought some for his infant son back in February 2021.īut Robinhood said it filed its own complaint in Massachusetts state court to block the regulators’ case from proceeding while challenging the state fiduciary rule under which the case was brought.
Robinhood app down registration#
The Bay State’s Securities Division asked for Robinhood’s broker-dealer registration to be revoked Thursday, saying the company “continued a pattern of aggressively inducing and enticing trading among its customers,” according to The Wall Street Journal. Robinhood grappled with the crypto commotion after escalating its clash with Massachusetts securities regulators who have accused it of encouraging inexperienced investors to take unnecessary risks.
Robinhood app down free#
You call yourself Robinhood but take from the poor…”ĭespite the outcry, Robinhood was the most popular free app in Apple’s App Store Friday morning amid the crypto frenzy. “Robinhood is screwing their customers again,” one Twitter user identifying as the “Chairman” of Reddit’s famous WallStreetBets message board tweeted late Thursday. “That’s it, plain and simple.”ĭogecoin price soars to record high amid latest crypto frenzyīut the company’s explanations didn’t quiet online criticism of the app, which also reportedly suffered outages as the coronavirus pandemic roiled global stock markets in March 2020. “Unprecedented demand for Robinhood Crypto services created temporary issues with crypto trading,” a Robinhood spokesperson told The Post Friday. The Silicon Valley company also flatly denied allegations that it had placed restrictions on Dogecoin trading Thursday, as it did to so-called meme stocks such as GameStop and AMC Entertainment in late January. Vlad Tenev, co-founder and co-CEO of investing app Robinhood, speaks during a tech event. Robinhood said it had fixed the issues for most customers by about 11 a.m. The crypto service also suffered from “degraded performance” Friday morning thanks to an influx of activity, according to Robinhood’s status dashboard. Thursday, blaming the problems on high demand for its cryptocurrency platform. Robinhood said it had “fully restored” its crypto trading functions by 11:46 p.m. The digital currency - which started as a joke - jumped further Friday morning to a new all-time high near 33 cents before paring the gain to trade at 30.9 cents as of 8:19 a.m., putting it up more than 5,700 percent for the year, CoinDesk data show. Thursday - just as the price of the meme-inspired Dogecoin started spiking. Robinhood said its crypto trading service started going haywire by 10 p.m.
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The bounce came after the crypto-focused news outlet reported on meat stick brand Slim Jim’s effort to increase its Twitter following by engaging with Dogecoin posts. The outage came as Dogecoin’s price rallied to nearly 30 cents late Thursday, more than double where it traded that afternoon, according to CoinDesk.
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Robinhood flatly denied allegations that it had placed restrictions on Dogecoin trading. “I swear to god, if Robinhood does anything to mess with my #doge profit, they are getting a one way trip to the sun,” another irritated trader wrote. Robinhood always has ‘issues’ when their customers are making money,” one person said Thursday on Twitter, where Robinhood was a trending topic early Friday. The disruption enraged Robinhood users who accused the startup on social media of intentionally blocking them from cashing in on the Dogecoin surge that’s seen the cult coin’s price roughly quadruple over five days. Thursday - just as the price of the meme-inspired currency started spiking. Robinhood traders slammed the investing app after its cryptocurrency platform suffered a major outage right in the middle of Dogecoin’s record-setting rally. Gensler all wet with overregulation would sink ‘meme’ markets
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Trump SPAC appears to be hurting ‘meme stocks’ - but boosting Robinhood
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Robinhood stock drops after hackers stole info on 7 million usersīitcoin tumbles amid filing for ETF that would bet against the crypto