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Supply Chain Risk

Smartphone trading app Robinhood hit with system-wide outage

Smartphone trading app, Robinhood is experiencing a system-wide outage across its platforms.

Robinhood, a trading app widely used by millennials to trade and invest in stocks is experiencing a system-wide outage on its website and app. 

In an email to users, Robinhood stated it started experiencing downtime issues across its platform around 9:33 a.m. ET – as markets opened on Monday. Users are citing issues logging in and even trading, according to Down Detector. 

“All of us at Robinhood are working as hard as we can to resume service, and we’ll update you as soon as the issue is resolved. We understand the impact this is having and we apologize for any trouble this has caused,” the email read sent to users of the platform.  

The system-wide outage was still being investigated as of 9:38 a.m. ET, according to Robinhood’s status page. Equities, cryptocurrency and options trading are among some of the functionalities experiencing a major outage. Market data and corporate actions such as dividends are cited as operational. 

Robinhood’s Twitter dedicated to company support stated,” Our system is experiencing downtime issues that are affecting all functionalities on our platform. We are aware of the issue and are working to have all systems up and running as soon as we can. We’re so sorry this is happening!” 

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