Robinhood Discussion đŸč

This would be bad if true:

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The tweet is talking nonsense. Look at the replies. Not sure why he thought issues on 03/03 would be related to 29/02

Maybe because 29/02 was not a trading day? Today would’ve been 03/03 if it wasn’t for the leap day.

But what do I know


https://twitter.com/jtech63/status/1234600045787394048

Could not recreate the bug (inspect page > console) but dont have an account:

https://twitter.com/caydenmb/status/1234625858863689728

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“The market can stay irrational longer than you can stay solvent.”
– John Maynard Keynes

But if the APIs are down there would be errors, as one of the comments says here: Robinhood reports outage as markets rebound | Hacker News

Current status:


Link: https://status.robinhood.com

Link: https://status.robinhood.com


Source - Robinhood experiencing a ‘system-wide outage’ as markets rebound | Hacker News

Reddit rumourville:




Source - Reddit - Dive into anything

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Was just about to post this. Leap year did them

Email is down:

Must’ve been a long day - back up and running at around midnight their time:

I’d find it bizarre if it was the leap year thing, why wouldn’t they be using a standard date library/implementation?

I use dates every day, but I don’t need to know or care if it’s a leap year

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The FT’s choice for a headline


The spokesperson added that, contrary to some commentary online, the glitch had not been caused by a failure to code for the leap year. Compensation would be available to users “on a case by case basis,” the spokesperson said.

Know your margin of safety. Don’t treat the markets like a casino unless you’re prepared to lose money:


a 23-year-old construction worker from Brooklyn, had recently signed up to Robinhood. He had bought shares in VaxArt and iBioPharma, two penny stocks that had surged in recent days despite the sell-off. On Monday, he tried to sell shares in the companies but the Robinhood app failed to execute the trades. He lost thousands of dollars after VaxArt lost 18 per cent and iBioPharma dropped 10 per cent.

(Source - Robinhood shutdown leaves users feeling robbed)

Nasdaq:

The spokeswoman said Robinhood did not lose any customer data, information or funds because of the outage.

(Source - https://www.nasdaq.com/articles/trading-app-robinhood-back-up-and-running-after-outage-2020-03-03)

Some users are having problems still:

If the current outage lasts the whole of today as well, I wonder if this could be terminal for Robinhood. It was their low pricing that pushed the established brokers to zero fees and now they will probably pick up many people leaving Robinhood who are upset at the outages.

I was interested in trying out their service when they eventually launched in the uk, but this has put me off somewhat.

I wonder what Freetrade is doing in order to prevent something like this to happen in the future, and if it were to happen what would the emergency protocol be. Blog post maybe?

@Ian @Viktor @Freetrade_Team

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Still down?

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“And it’s gone”

Freetrade are preventing it now aren’t they, not aware of any issues regarding buying or selling?

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I’m not aware of any issues either. At least not of the magnitude reported for the Robinhood outage.

Nevertheless I think it would be important to address the topic from a technical point of view that would necessarily have to remember failures of infrastructure may occur, but that people can rest assured a backup plan is in place, and elaborate on that.

On another note. When investing for the long run, with a buy and hold strategy, such a outage it’s not really a big deal unless it happens to occur in times where prices are depressed. When day trading, or swing trading, or using leverage, on the other hand, more serious complications may arise. Till this moment I have no information that Freetrade intends to offer solutions that involve the use of leverage, hence it wouldn’t apply. That doen’t mean it’s irrelevant. Quite the opposite. It can be an opportunity. But before jumping into it, wait to see the result of the diagnosis, check your own room, think about it, and then maybe write about it.

Makes sense?

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You never know, in another month Robinhood being horribly broken might look like good guardianship of investor money if it stops them panic selling or buying when they shouldn’t


I have to say I have some sympathy for the Robinhood engineering team. Whenever I see something like this I’m reminder of the infamous S3 outage that Amazon had. How a typo took down S3, the backbone of the internet - The Verge

From the outside Robinhood look like a strong engineering team. Importantly they’re trying to move the industry forward and greater change => greater risk of failure. We’ve tried to mitigate some of this risk by pushing our infrastructure to Google but as in the Amazon outage above there are still risks. All that said I hope that if we do run into issues we communicate more clearly than Robinhood did in this instance. It looks like updates came late and didn’t give customers much opportunity to react.

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“Record account sign-ups”:

“We now understand the cause of the outage was stress on our infrastructure—which struggled with unprecedented load. That in turn led to a “thundering herd” effect—triggering a failure of our DNS system.

“Multiple factors contributed to the unprecedented load that ultimately led to the outages. The factors included, among others, highly volatile and historic market conditions; record volume; and record account sign-ups. “

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Robinhood started to use Kubernetes

While Freetrade killed it

Freetrade going serverless. What does that have to do with killing Kubernetes if anything?

I have no tech background, thus I have no idea if Kubernetes and serverless are mutually exclusive antagonists, or complementary tools that can be used together, i.e. a car and a boat, or if they are even at the same level, i.e. maybe one is a car and the other a road. I look at this and I don’t know what I see. Thus I’m not entirely sure of what words I need to ask the question, but the word redundancies in a serverless [insert right word here] at scale comes to mind. Also, there’s a huge difference between RH and FT: RH has 10M accounts, FT around 110K, or just over 1%, and growing. How does serverless handles 500k, 1M, 10M?

Hope this makes sense

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