The brokerage says it noticed “record-breaking visitors.”
It seems to be like buying and selling platform Robinhood could not have been totally ready for SpaceX IPO Day. Shortly after shares of Elon Musk’s rocketship/AI/social media firm started buying and selling publicly, customers began reporting points with the brokerage service, according to The Wall Road Journal.
Studies of disruptions spiked Friday morning on downdetetcor.com, a web site that screens service outages, peaking at greater than 5,500 stories. There have been additionally quite a few stories of Robinhood crashing on Reddit and X. In a put up on r/raceto10million, quite a few customers mentioned they have been unable to entry Robinhood in any respect, although some mentioned they have been in a position to place orders for SPCX before the app crashed.
Robinhood confirmed the points, which it described as “intermittent,” in a post on X. “Robinhood noticed record-breaking visitors at present,” the firm mentioned. “In consequence, some prospects skilled latency and intermittent points. Important techniques have recovered and our groups are carefully monitoring.”
Robinhood noticed record-breaking visitors at present. In consequence, some prospects skilled latency and intermittent points. Important techniques have recovered and our groups are carefully monitoring.
— Robinhood Assist (@AskRobinhood) June 12, 2026
A have a look at the replies, nevertheless, means that the technical issues are ongoing, not less than for some customers. Robinhood did not instantly reply to a request for remark.
It is not the first time the brokerage has struggled throughout a high-profile second. The corporate confronted quite a few technical points throughout the 2021 meme stock craze that was largely fueled by retail merchants on Robinhood. A congressional report later revealed that executives and staff had struggled to sustain with the sudden inflow of recent customers and the large spike in buying and selling quantity.
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