Robinhood app crashes amid the stock market collapse
Only a week after the digital stock investment startup Robinhood apologized to users for a disastrous system-wide power outage due to busy trading, the app has crashed again today after stock crashes across the world prompted another round of heavy trading. The app's creators have stated that users will be compensated for their losses on a case-by-case basis.
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Bitcoin in focus, as halving takes center stage
Crypto investors shift focus to the Bitcoin halving event coming in just a few days as volatility returns to the market. Bitcoin halving will reduce the mining reward per block (from 12.5 BTC to 6.25 BTC) to maintain the supply. Bitcoin crashed almost 50% in March, but the price rebounded to reach the $9,000 mark. Bitcoin’s hash rate also recovered to reach close to an all-time high
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Medium
Groupon fires CEO and COO amid coronavirus crisis
Even though most tech companies have experienced stock crashes in the past month due to the COVID-19 pandemic, Groupon's share price dropped by an astounding 70 percent, due to which the company has now asked its CEO Rich Williams and COO Steve Krenzer to step down from their positions. Groupon's North America president Aaron Cooper will serve as interim CEO.
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TechCrunch
Users around the world unable to access Netflix as service goes down
Users around the world are reporting that they are unable to access Netflix despite the service's decision to use less bandwidth. The users who are experiencing these issues are mostly located in Europe and the US. The site is experiencing exceptionally high demand due to the global pandemic and seems to be unable to meet it.
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TechCrunch
Facebook's ad revenue takes a hit due to coronavirus pandemic
Social media giant Facebook has stated that the coronavirus pandemic is hitting its advertising revenue, which accounts for nearly all of the company's earnings, despite the fact that more users are spending time on social media due to being confined indoors. Facebook messaging has increased by over 50 percent in coronavirus-hit countries, but its shares fell heavily.
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Reuters