Silicon Valley - Page 7

Vice Media CEO Attacks Big Tech’s ‘Chokehold’ on Journalism

Vice Media CEO Nancy Dubuc attacked the Silicon Valley Masters of the Universe in a memo to all employees sent as the company lays off 155 staffers. Dubuc’s memo says that Big Tech’s “squeeze” is becoming a “Chokehold” on the new business, as platforms are “not just taking a larger slice of the pie, but almost the whole pie.”

Masters of the Universe

Robinhood Blames ‘Thundering Herd’ Effect for Stock Trading Outages

The Robinhood trading app crashed this week during a major U.S. trading day, preventing customers from making trades as stocks surged, an outage that lasted into Tuesday. Robinhood is blaming “stress on our infrastructure” and the “‘thundering herd’ effect” for the problems, which it vows to fix. The platform’s customers were not impressed.

The Associated Press

Robinhood App Crashes, Stock Trading Fails over Multiple Days

Popular online brokerage platform Robinhood suffered an outage lasting an entire trading day which prevented customers from making trades as stocks surged Monday. The outage has continued into Tuesday’s trading hours with Robinhood not providing timing for its service to be reinstated.

Robinhood CEO Baiju Bhatt