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With the end of the year fast approaching, it's always a fun exercise to look back at the best and worst of the last twelve months. We're not about to say 2021 was a "good" year by any particular metric (have you opened a newspaper lately?), but plenty of fun things happened — especially in our tech-centric corner of the world. Too bad this particular article isn't about any of those things. Here are some of the biggest tech fails of 2021.
Apparently Robinhood's as good at securing user data as you are at picking hot stocks
Which is to say, not very good at all
It's been a rough year for Robinhood, the ever-popular stock trading service that makes it easy for anyone to buy and sell shares. After exploding in popularity during GameStop's spike — yes, believe it or not, that was this year — it endured plenty of controversy and user anger to successfully go public a few months ago. It seems the app can't escape controversy, as it fell victim to a security breach late last week.
Robinhood is letting people buy IPOs ahead of its own stock market debut
IPO Access will come to users over the next few weeks
Ever since the GameStop debacle earlier this year, it seems like stock trading has hit its peak in popularity, and apps like Robinhood help bring the Wall Street experience to your phone. While the platform has certainly run into its fair share of controversy, it's still one of the easiest ways to buy and sell stocks, cryptocurrency, and more. Starting today, Robinhood is adding one more option for investors to check out as IPO Access launches on the service.
12 popular stock trading apps for Android, to get you ready for the next wave of speculative madness
Get your stonks right here
Trading stocks is currently a hot topic, all thanks to a recent event where redditors figured out how to stick it to a hedge fund that was trying to short GameStop. On top of this, stocks, in general, have been blowing up during Covid, which is also driving the current interest in trading. This is why I've decided to compile a list of the more notable trading apps currently available on the Play Store. Now, I don't fancy myself a day trader, so I'm not here to review these apps. This is simply a list for our readers to pore over as they consider the available options on Android. Essentially, this roundup serves as an entry point for those who are thinking of dipping their toe into the stock market in preparation for the next wave of stock market fever.
Robinhood's Play Store reviews are back down to 1.1 stars
You can buy GME again in Robinhood, but users remain disgruntled about the company's actions
Over the last few weeks, GameStop stock (GME) has seen its price spike tremendously due to meme-driven retail trading from venues like the subreddit /r/WallStreetBets, prompting some services like Robinhood to halt trading for it and other Reddit-promoted stocks. This heavy-handed action by the company has resulted in a clear reaction from users, with the Robinhood app's rating at the Play Store tanking to 1.0 stars, the lowest possible score, and prompting a class action suit.
Weekend poll: Have you stopped using Robinhood for stock trading?
Have you switched services following the meme-stock crackdown?
A whole lot of folks are pretty upset at Robinhood these days. Between the flood of since-deleted negative reviews on the Play Store app listing to an outright congressional hearing, the company behind the popular stock trading service is in a tight spot, and customers hoping to join the /r/WallStreetBets meme train have to operate under strict limits if they want to do it via Robinhood. So, if you were among the stock-trading memers (or just someone hoping for a lift on the rising tide), have you given up the app and switched to something else?
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- According to a statement released by Robinhood, the outage was not caused by a leap day bug. Instead, the issue revolves around a vague "instability in a part of our infrastructure that allows our systems to communicate with each other." Although this statement will do little to calm frustrations, Robinhood's service has been fully restored.
The Dow has been on a rollercoaster of a ride, suffering last week from its worst decline since 2008 before rebounding a record 5% this past Monday. While traders have rejoiced the quick turnaround, users of the popular stock trading app Robinhood are furious over a major service outage that has prevented them from trading stocks during this pivotal time.
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- This week, Robinhood started to roll out its Cash Management feature to a small number of users. As of today, the Annual Percentage Yield (APY) on unused funds is 1.80%, and these rates are subject to further changes. There are no account minimums or fees required to receive interest on unused brokerage funds, though other fees still apply.
It's been nearly a year since the stock investment and cryptocurrency company Robinhood paused its launch of no-fees checking and savings accounts. It was forced to make changes after mistakenly claiming that its industry-leading 3% interest rates were insured by the SIPC. Now, Robinhood is finally announcing plans to move forward with a revamped version called Cash Management.
Robinhood has become an increasingly popular service for trading stocks. A few days ago, the company behind Robinhood announced no-fee checking and savings accounts, with an incredibly-high 3% interest rate. It seemed too good to be true, and sure enough, it was — accounts weren't insured by the SIPC.
Free stock trading app Robinhood came to Android phones last year, and now it's coming to your wrist. The latest update to the app adds support for Android Wear. No longer will you need to pick up your phone to track your investments like our caveman ancestors did.
Using the stock market isn't free. Well, obviously. You're buying and selling stocks, after all. But on top of that, brokerage firms tend to charge fees to manage financial transactions. The Robinhood app lets you get around that fee, and now it has made its way over from iOS to Android.