The stock-trading app Robinhood suffered and outage on Monday for the third time in a week, frustrating users of the zero-fee tech startup who tried to place trades during the day’s market plunge.
“Trading is currently down on Robinhood, and we’re investigating the issue,” the company said on one of its verified Twitter feeds. “We’re focused on getting back up and running as soon as possible.” By 10:25 a.m. ET, most trading was functional again for new orders, it said.
The Silicon Valley startup has upended Wall Street in recent years by offering trades of stocks and bonds without charging commission, undercutting traditional rivals such as Charles Schwab, which have since followed suit with their own zero-fee trades.
The app combines a slick, confetti-filled interface with an ability to trade riskier investments including options and…