Robinhood isn't sure what's behind its latest outage, which hit during the worst day for the Dow since 2008 and knocked out the app's fractional-share trading for most of the session
All major US stock indexes plunged sharply at the start of the session, passing a 7% loss threshold that triggered a 15-minute market-wide trading halt. The Dow Jones Industrial Average lost 7.8% for the day, its sharpest one-day loss since October 2008. Fears over the spread of coronavirus had already been tanking stocks, and the latest session saw a selling frenzy as a global price war triggered the biggest drop in oil prices since 1991.
A spokesperson for the startup, which was last valued at $7.6 billion, told Business Insider via email that the latest outage wasn't related to issues that plagued the trading app last week. Outages last Monday and into Tuesday hit all its 10 million accounts during volatile trading sessions, and furious users vented their outrage on social media.
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