Somewhat related, they ruined their app for me last week by adding the "lists". Instead of I instantly visible scrollable symbols I am interested in trading, the app now presents a bunch of "expand" and "add new list" controls, that when expanded show abridged lists with "click to see more". That totally ruined its main differentiator as an "easy app". Additionally the update was shoddy: due to a memory leak the scrolling eventually becomes very slow.
Robinhood reports outage as markets rebound
101–110 of 164 posts
Re: Robinhood reports outage as markets rebound
#102Apparently leap day is the cause: https://mobile.twitter.com/jtech63/status/123460004578739404... Also rumor has it they “lost user data and the backups are not working as expected” Edit: This is the tweet. Not sure if it is legit: https://mobile.twitter.com/classrobinhood/status/12345774264...
As somebody who does DevOps consulting I was baffled how they could be down all day if it was a pure operations issue. That tweet is just speculation though. Hopefully more facts and details come out.
My bet is still on it being a database issue. If they indeed are using AWS RDS, I wouldn’t be surprised if they have half of AWS support engineers working on it. Once again, if I had to bet, I say they rolled their own "half-baked" database solution instead of using a AWS native offering.
Re: Robinhood reports outage as markets rebound
#103Earlier quoted context omitted.
> Why we are building highly sensitive monetary performance based applications under the guise of agile and electron is beyond me. It's cheaper. This is not complicated. The entire society is orientated to getting the most for least. Excessive effort in quality is a waste. Besides, the "serious" people hardly fared better. The notorious TSB failure, for example: https://www.independent.co.uk/news/business/news/tsb-it…
These guys just took $323 million in a series E. They're valued at 7.6B (well, they were...) Can't afford better engineers?
If they are down for one full day out of every 365, that's still a potential ceiling of 99.726% uptime for the year. My home internet was down 14% of the afternoon on Sunday this week, and on through the evening.
On a month-to-month basis, I can't even seem to crack 99% reliability. (Geez, I should really call them on it, or perhaps get a new modem...)
Point is, how high is Comcast's valuation again exactly?
Re: Robinhood reports outage as markets rebound
#104Earlier quoted context omitted.
I think there's a mix of in-on-the-joke and not. I've read some sad stories about, for example, a student betting student loan money in the market and losing it instantly, lured to make risky bets from the other stories of dumb luck success. Here's someone I don't think is in on the joke: https://i.redd.it/at7gloeb5ck41.jpg ... oops
It’s a obnoxious to know nothing about the culture of wallstreetbets and then to make declarations as if you know after reading a few posts. Posts like that are par for the course. Its called “Loss Porn”. The subreddit is absolutely geared towards stock/options trading as gambling and if you think otherwise then you’re wrong. They are very self-aware and do it for fun. And yes some may lose a lot of money but they kn…
[deleted]
Re: Robinhood reports outage as markets rebound
#105Earlier quoted context omitted.
There’s nothing unintentional about the hilarity. That community is totally self-aware and rife with in-jokes and satire. The folks that post there see their gambling for what it is.
I think there's a mix of in-on-the-joke and not. I've read some sad stories about, for example, a student betting student loan money in the market and losing it instantly, lured to make risky bets from the other stories of dumb luck success. Here's someone I don't think is in on the joke: https://i.redd.it/at7gloeb5ck41.jpg ... oops
Marjory if what happens in that sub is humorous. And its pretty clear that there is a lot of satire and it's not the place you go to for in depth analysis 99% of the time.
Loss and gain porn are a normal part of the culture as are the slurs used.
The gains and losses are often real but this is the community you go to the laugh about such things
Re: Robinhood reports outage as markets rebound
#106Earlier quoted context omitted.
There’s nothing unintentional about the hilarity. That community is totally self-aware and rife with in-jokes and satire. The folks that post there see their gambling for what it is.
I think there's a mix of in-on-the-joke and not. I've read some sad stories about, for example, a student betting student loan money in the market and losing it instantly, lured to make risky bets from the other stories of dumb luck success. Here's someone I don't think is in on the joke: https://i.redd.it/at7gloeb5ck41.jpg ... oops
The person posting it in the subreddit clearly understands the theme of the subreddit. Whoever took the screenshot and shared it somewhere likely doesn't even know what WSB is.
Re: Robinhood reports outage as markets rebound
#107Apparently leap day is the cause: https://mobile.twitter.com/jtech63/status/123460004578739404... Also rumor has it they “lost user data and the backups are not working as expected” Edit: This is the tweet. Not sure if it is legit: https://mobile.twitter.com/classrobinhood/status/12345774264...
It looks like the guy on Twitter doesn't understand that the API is down so you get 503 and a CORS error cause the pre-flight request failed and doesn't have the right headers. It will fail for any date.
The question is really does the front-end normally try to query the next day and what's going on in their order execution system on the backend, which we don't know because this source is just speculation based on console logs in the browser.
Re: Robinhood reports outage as markets rebound
#108Earlier quoted context omitted.
The biggest impact Robinhood has had is pushing other brokers to go to zero commission models. I joined before that happened, but I will be moving my trading portfolio elsewhere.
I’m surprised more people on here aren’t using something like https://alpaca.markets . It’s primarily for algo trading, but there’s nothing stopping you from using it generally, as it is an API, after all.
This is awesome, I was just talking to my friend about an API first brokerage. Glad to see someone's already made one.
Re: Robinhood reports outage as markets rebound
#109Earlier quoted context omitted.
It’s a obnoxious to know nothing about the culture of wallstreetbets and then to make declarations as if you know after reading a few posts. Posts like that are par for the course. Its called “Loss Porn”. The subreddit is absolutely geared towards stock/options trading as gambling and if you think otherwise then you’re wrong. They are very self-aware and do it for fun. And yes some may lose a lot of money but they kn…
[deleted]
[deleted]
Re: Robinhood reports outage as markets rebound
#110Earlier quoted context omitted.
There’s nothing unintentional about the hilarity. That community is totally self-aware and rife with in-jokes and satire. The folks that post there see their gambling for what it is.
I think there's a mix of in-on-the-joke and not. I've read some sad stories about, for example, a student betting student loan money in the market and losing it instantly, lured to make risky bets from the other stories of dumb luck success. Here's someone I don't think is in on the joke: https://i.redd.it/at7gloeb5ck41.jpg ... oops
There are people making and losing fortunes every day in the market. These kind of crazy bets aren't new, just more visible.
I remember being in college in 2005 and seeing people going wild with Forex and penny stocks. WSB is just a small subset of traders who like to discuss it on social media.