Investment app Robinhood experiences severe disruptions
A statement from the investment app Robinhood, popular among the younger demographic due to its free-trading features, has announced that it is experiencing severe disruptions across its entire system in a power outage, as customers criticize the company for its slow response amid an unexpected upturn in a flagging stock market. The outage may have been caused by higher-than-usual trading volumes.
trading investment app power volume robinhood stock-market disruption outage response
CNBCRelated Articles
Warren Buffett Changes Mind on Gold: He Will Panic-Buy Bitcoin at $50K, Says Max Keiser
Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. Buffett’s company Berkshire Hathaway revealed Friday that it had dumped bank stocks and took a position in a gold miner.
investment bitcoin max
Bitcoin
Indian startups preparing for the worst
Ten global and local private equity companies have sent an open letter to Indian startups telling them to prepare for the worst. It will be incredibly difficult to secure funding in the next few months due to the coronavirus crisis. Many startups have been forced to halt their businesses due to nationwide lockdown.
india investment health economy finance crash death crisis investors coronavirus quarantine money startups
TechCrunch
Instacart workers plan to strike on Monday
Most Instacart shoppers, who fulfill customers’ orders and deliver them to their homes, are independent contractors, or gig workers.The company this week said it wants to hire 300,000 more shoppers over the next three months to meet rising demand during the pandemic, including 15,000 in Illinois, more than doubling its current workforce. Order volume grew more than 150% last week, the company said.
volume orders hazard
Google
Financial markets had the worst day in the last 30 years
The coronavirus has led to a giant drop in the global stock market, wiping out trillions of dollars in market value. Regulators are trying desperately to control this dip as businesses are being forced to slow down. The outbreak has only gotten worse as time has gone on and it doesn't look like it will get better for some time.
china health disease stocks market illness virus contagious coronavirus quarantine recession stock-market drop
Reuters