121–130 of 164 posts
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Haha, you clearly weren't around for bear Stern's and lehman
I watched all that live and saw my own holdings tumble. There wasn't that much suspense though, nobody thought the market would suddenly go up.
Apparently 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...
My favorite part is this comment: https://twitter.com/holman/status/1234620062398464002 https://www.reddit.com/r/RobinHood/comments/48mep4/robinhood... Additionally, if you’re a conspiracy theorist — and who isn't, in this wild 2020 ride — Robinhood was down exactly four years ago today, too, lol
I didn't even know they had a phone number you could call. This should have been emailed out after the first hour of the outage. Or, how about you have a better system down page then just a blank website? If API health checks fail, serve a static site from S3 (route53 can do this). The ops failure of a company that can afford to pay quality DevOps engineers $200-300k a year is beyond belief.
Simple as:
"We are experiencing a technical outage... . If you need to make trades, please do so via phone at 1-800-SHORT-RH"
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I recently interviewed there and they said they're still using Postgres master-slave setup most likely on some cloud provider. Could be catastrophic failure with multiple shards going down at the same time. This might also explain why they mentioned their "backups" not working
I believe they are on AWS, so maybe RDS PostgreSQL. If so they should be getting unlimited support from top tier AWS engineers.
(yes: the URI says February 5th whilst the article says March 5th!)
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I watched all that live and saw my own holdings tumble. There wasn't that much suspense though, nobody thought the market would suddenly go up.
I bought Bear Sterns calls thinking it would blow over. The idea that Bear Sterns could just disappear like that was unfathomable at the time.
Reading Reddit's WallStreetBets has been unintentionally hilarious. https://www.reddit.com/r/wallstreetbets/ Folks were leveraging up all last week and buying puts, thinking the market was tanking to zero and we're all going to die of "beer virus" as they call it -- and are getting a harsh lesson about timing the market today. They’ve been giving so much leverage to broke young people, I wouldn’t even be surprised to…
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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?
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Haha, you clearly weren't around for bear Stern's and lehman
I watched all that live and saw my own holdings tumble. There wasn't that much suspense though, nobody thought the market would suddenly go up.
Reading Reddit's WallStreetBets has been unintentionally hilarious. https://www.reddit.com/r/wallstreetbets/ Folks were leveraging up all last week and buying puts, thinking the market was tanking to zero and we're all going to die of "beer virus" as they call it -- and are getting a harsh lesson about timing the market today. They’ve been giving so much leverage to broke young people, I wouldn’t even be surprised to…
Long term puts (at least 2 weeks out) on the market are the safest investment that you could possibly make. The market recovery today is a dead cat bounce. Mark my words I guarantee you that I will be right about this
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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
Edit: I stand corrected, see below.