Robinhood down: Stock trading apps break once again as markets open amid Reddit frenzy


Stock trading apps are breaking once again as markets open.

Major trading app Robinhood said it was experiencing “degraded performance” over a variety of its services. It said that its iOS, Android and web apps were “experiencing a service disruption” and that it was also “experiencing issues with equities, options, and crypto trading”.

It is “working to resolve this as soon as possible”, it said on its status page.

It is the second time in as many days that the major trading platforms have gone down as US markets opened. The problems appear to be a consequence of what they have called unprecedented interest in trading shares, spurred on by the ongoing battle over “memestocks” such as GameSpot.

The problems at Robinhood came at the same time it announced that it was stopping purchases of those stocks, and only allowing its customers to buy them.


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