What a Time to be Offline!

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According to BusinessInsider.com, Robinhood, a millennial favorite stock app, was offline for iPhone and Android users during the entire day, when the Dow made its biggest point gain ever.

Questions:

  1. What do millennials see as the benefit of Robinhood?
  2. By how many points did the Dow Jones industrial average rise on Monday after the horrible 3,500 point losses from the previous week?
  3. In what way did Robinhood run afoul of federal authorities in the past? 

Source:

Holmes, A. (2020). Millennials’ favorite stock app Robinhood was offline for an entire day of trading, locking out users as the Dow Jones made its biggest point gain ever. BusinessInsider.com, March 2 (Retrievable online at https://www.businessinsider.com/robinhood-down-outage-markets-rebound-coronavirus-backlash-2020-3)