Robinhood and Trading 212 down – latest updates as Gamestop and AMC stock market frenzy causes outage
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Robinhood, Trading 212 and other trading platforms are breaking amid a stock market trading frenzy.
Trading 212, for instance, said that its service was being disrupted “due to an unprecedented increase in demand”. It was looking to resolve the problems “in the shortest period possible”, it said.
The platforms allow for traders to buy small amounts of stocks over the internet, and so have become central to the sudden and surprising surge in the number of people buying shares.
The problems at Robinhood are probably related to the excitement around GameStop’s stock, which in turn was driven by a Reddit that encouraged people to buy shares in the gaming company. That same excitement has spread to cinema chain AMC, and both stocks have seen vast rises in their share price in recent hours.
Follow below for the latest updates as trading websites attempt to cope with the surge in interest.