Robinhood shares spike 30% after Sam Bankman-Fried buys $650M stake
Sam Bankman-Fried, the billionaire founder and CEO of cryptocurrency change FTX has acquired a considerable 7.6% stake within the in style on-line brokerage, Robinhood (NASDAQ:).
The information was effectively acquired by the market, with Robinhood’s (HOOD) inventory worth initially hovering over 30% in after hours buying and selling. On the time of writing the value has settled to a 24% total achieve.
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