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Google parent Alphabet dumps 90% of its stake in struggling Robinhood trading app

Por: New York Post Tech August 05, 2023

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Google parent Alphabet said Friday it had slashed its stake in Robinhood Markets by nearly 90%, cutting its exposure to the trading app operator that has been grappling with a . Alphabet had reportedly invested in Robinhood when the latter was an unlisted startup, and it held over 4.9 million shares in the company as of the end of 2021. That stake was worth nearly $419 million when Robinhood shares hit their peak of $85 in August 2021, just a... + full article



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