Robinhood can’t handle the Dogecoin rally
Yesterday and today, the enthusiasm for joke cryptocurrency Dogecoin overwhelmed Robinhood, leading to “sporadic crypto order failures and delayed notifications for some customers,” Robinhood wrote in a blog post.
“These interruptions aren’t acceptable to us,” Robinhood wrote in its post. “We believe we’re the most intuitive crypto platform for Dogecoin traders and we’re proud to be a top choice for this community.”
Robinhood has a history of exactly this kind of whoopsie. In March 2020, there were three huge outages which Robinhood has said were due to “stress on our infrastructure.” And infamously, in January, Robinhood limited trades on GameStop, pissing off the entire internet and getting itself hauled in front of Congress in the…