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Robinhood offers $15 discount, blames outage on record trades

Mimi Sabreena 10:12:00 AM Business

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It wasn’t the leap year, a coding blip, or a hack that caused Robinhood’s massive outages yesterday and today that left customers unable to trade stocks. Instead, the co-CEOs write that “the cause of the outage was stress on our infrastructure — which struggled with unprecedented load. That in turn led to a “thundering herd” effect …

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