The real answer is they shut off buying and selling at critical times more than any other broker, they give you an hour less in a day to exercise options and their app is designed to get you to constantly be buying and selling because they make money on selling your trade before they make it for you, greatly increasing your odds of losing your money.
They were in trouble for shutting off the buy button. So in order to not be brought in front of congress again they just have "service outages" instead.
If memory serves correctly Schwab was among the few that shut off the buy button but then allowed buying but put severe limits on the amount of shares and option you could but.
Yeah I still remember that day. I tried to buy using RH but couldn't. I was ready to buy 1k shares but couldn't. Ultimately I ended up losing 35k in total in the stock market. Nearly all my savings.
Because their tech was unaffected because they don't use the most robust software solutions that all other high security systems use? I know it was hacked, but that was a good indication of who runs it. Airlines, financial institutions, tech companies...
"Robinhood didn't tho" is not nearly as reassuring as you think if you know tech.
Not a hack btw, most people thought so but it was a normal update their QA team bit the curb on and missed shitty code before it was pushed to the globe.
Good looking out! They must have buried that PA deep.
Shitty QA ruins everything. Stuff like this illustrates that it's the most important department. All customer trust for the best designs can be destroyed by shitty QA
143
u/Ermahgerd_Sterks Britney’s #1 fan Aug 17 '24
Because it’s cool to shit on them even though their app is the best for most stuff. Sorry not sorry.