Robinhood reports outage as markets rebound

If you want to glimpse the sentiment of their customers at the moment, check out the thread at /r/wallstreetbets: https://www.reddit.com/r/wallstreetbets/comments/fcfuux/robi...

I just got an email from Robinhood support on the outage, half an hour before markets close.

I don't actively use RH as my main brokerage so not a big deal to me, but obviously this is unacceptable. Don't recall any other online brokerage suffering an outage like this.

Suffice to say this throws cold water on any mystic around Robinhood having better tech that any incumbent.

The biggest question is whether or not their systems were able to execute margin calls. If they were down this long, that to me suggests data got corrupt and they've been restoring from backups, etc, which means maybe all their services were inactive. If that's the case then could the margin system be active, or are people (and potentially RH) sitting on oversized losses if they were short today? What happens tomorrow if their margins kick in and sell at the open, and then the market drops? Lots of very interesting questions that need to be answered.