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So the developers of the Robin Hood stock trading app

Posted on 3/2/20 at 7:22 pm
Posted by anc
Member since Nov 2012
20725 posts
Posted on 3/2/20 at 7:22 pm
failed to program leap year into the system. Then it happens to be the greatest one day stock gain in the history of the market.

Ive seen reports of traders losing half or more of their options loaded portfolio because of this.
Posted by lnomm34
Louisiana
Member since Oct 2009
12702 posts
Posted on 3/2/20 at 7:25 pm to
(no message)
This post was edited on 2/6/25 at 12:41 pm
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
45551 posts
Posted on 3/2/20 at 7:26 pm to
Honest mistake.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/2/20 at 7:27 pm to
Posted by anc
Member since Nov 2012
20725 posts
Posted on 3/2/20 at 7:28 pm to
Thought it odd enough to bring here.

Posted by stout
Porte du Lafitte
Member since Sep 2006
184596 posts
Posted on 3/2/20 at 7:28 pm to
This guy on Twitter had a bad day because of the glitch...and because he tried to time the market and went big on puts.


Posted by Ed Osteen
Member since Oct 2007
59347 posts
Posted on 3/2/20 at 7:29 pm to
Holy shite, that’s amazing. What do you even do in that situation?
Posted by stout
Porte du Lafitte
Member since Sep 2006
184596 posts
Posted on 3/2/20 at 7:31 pm to
quote:

Holy shite, that’s amazing. What do you even do in that situation?


'

Apparently the same thing happened 4 years ago and they didn't fix it. Class action incoming?
Posted by anc
Member since Nov 2012
20725 posts
Posted on 3/2/20 at 7:32 pm to
Yeah, I saw that one. That was a dumb trade to begin with. Not being able to get out of it all day... wow!

I don't think Robin Hood is liable past the point of losing customers.
This post was edited on 3/2/20 at 7:34 pm
Posted by stout
Porte du Lafitte
Member since Sep 2006
184596 posts
Posted on 3/2/20 at 7:35 pm to
He's a dumbass betting big on weeklies and even more so for betting against Amazon. Of course they would be one of the first to rebound.
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7401 posts
Posted on 3/2/20 at 7:38 pm to
I don’t understand how people even still choose Robin Hood over a better platform like Fidelity. Both are 0 cost
Posted by SEClint
New Orleans, LA/Portland, OR
Member since Nov 2006
49487 posts
Posted on 3/2/20 at 7:39 pm to
I got that email too

quote:

This morning, starting at 9:33 AM ET, we started experiencing downtime across our platform. These issues are affecting functionality on Robinhood, including your ability to trade.

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.

Please check our status page at status.robinhood.com. Thank you for being a Robinhood customer.

Sincerely,
The Robinhood Team
robinhood.com
Posted by jlovel7
NOT Louisiana
Member since Aug 2014
24261 posts
Posted on 3/2/20 at 7:39 pm to
Yup. I tried to buy some today and saw it wasn’t working. Then got the email from them an hour later. Crazy.
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
59453 posts
Posted on 3/2/20 at 7:41 pm to
E&O claim out the wazoo
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 3/2/20 at 7:49 pm to
quote:

E&O claim out the wazoo

I wonder what their coverage is.
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