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Charles Schwab has reported fewer new brokerage accounts than analysts expected, leading to a decline in its share price. The company is also facing significant operational issues, including a global outage affecting its trading platform. The outage, attributed to a third-party issue with CrowdStrike, has prevented clients from executing trades and transferring funds. Schwab's CEO has defended the business amidst these challenges, but the company's stock continues to suffer. The outage has also impacted TD Schwab and E*Trade, further complicating the situation.
"Due to a third-party, global, industry-wide issue, certain online functionality may be intermittently slow or unavailable, including trading." Schwab Today, I can't buy or sell. I need to find another broker, and when I leave Schwab, they will hear a "GIANT sucking sound". ๐ https://t.co/U9tUfjSje8
To go on record, @CharlesSchwab you are the worst You have cost me hundreds of thousands today and I still can't trade I hope you go out of business!!!!!!! GRRRRRR
CrowdStrike outage affects Schwab, E*Trade and other brokerages โ preventing people from trading
