Robinhood Blames ‘Thundering Herd’ Effect for Stock Trading Outages

The Robinhood trading app crashed this week during a major U.S. trading day, preventing customers from making trades as stocks surged, an outage that lasted into Tuesday. Robinhood is blaming “stress on our infrastructure” and the “‘thundering herd’ effect” for the problems, which it vows to fix. The platform’s customers were not impressed.

Market corrections: scary but also, in some cases, necessary

Robinhood App Crashes, Stock Trading Fails over Multiple Days

Popular online brokerage platform Robinhood suffered an outage lasting an entire trading day which prevented customers from making trades as stocks surged Monday. The outage has continued into Tuesday’s trading hours with Robinhood not providing timing for its service to be reinstated.

Robinhood CEO Baiju Bhatt