Tuesday, March 3, 2020

Robinhood says recent outages were caused by an "unprecedented load" on its system, will waive Gold customers' fee for 3 months, ~$15, as initial compensation (Josh Constine/TechCrunch)

Josh Constine / TechCrunch:
Robinhood says recent outages were caused by an “unprecedented load” on its system, will waive Gold customers' fee for 3 months, ~$15, as initial compensation  —  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.



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...