Re:Robinhood goes down again, during another historic tradin...
by manigandham on Monday March 09, 2020 @12:30PM
(#22526709)
All brokers were able to do it, they just didn't because commissions were easy profit and there was no competition.
$0 commissions aren't a big deal either. If you just buy and hold, it makes no difference. If you trade actively then a real broker with better tech and order management is worth way more than the fees.
Re:Robinhood goes down again, during another historic tradin...
by dodobirdlord on Monday March 09, 2020 @12:07PM
(#22526502)
> The only company in the world who can claim to have made a perfectly horizontal system at all levels of macro and micro is amazon, and even they would be lying to do so.
Haha, true. Call up you AWS account representative and you may find that certain service limits can’t be increased for love or money.
A system like robinhood can have hundreds of moving parts, if 99 of them are horizontally scalable but 1 is not, eventually that 1 piece will become the bottle neck, and the fact it hadn't been made horizontally scalable yet is more likely to be a testament to how much work would have to go into doing so.
> Heads. Should. Roll. Tell us the post-mortems, and then tell us who got the boot. Completely unacceptable.
This is an unfortunate viewpoint. How quickly did we forget that robinhood is literally providing a service that no other company was able to do before. You want 100% uptime, you won't find it in an online service, let alone an online fee free service, you'll find it on the floor of the exchange.