Robinhood stocks jump 23% after SBF_FTX acquires stake robinhood hood ftx
FTX CEO Sam Bankman-Fried purchased a 7.6% stake in the Robinhood market. On the back of this news, Robinhood shares rose 28%.
Its ease of use has simplified the access of ordinary people to trading. Quick remote registration and absence of fees and commissions led to the fact that unqualified investors rushed to the market.
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Crypto exchange FTX CEO reveals stake in trading app RobinhoodSamuel Bankman-Fried, the chief executive and founder of cryptocurrency exchange FTX, revealed a 7.6% stake in Robinhood Markets Inc on Thursday, capitalizing on the weakness of the shares of the trading app to build a position.
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FTX CEO Sam Bankman-Fried Buys 7.6% Stake in RobinhoodJUST IN: FTX CEO SBF bought a 7.6% stake in $HOOD worth almost $482 million at Thursday's market close. realDannyNelson reports
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Robinhood Shares Jump 22% After Crypto CEO Sam Bankman-Fried Acquires StakeRobinhood shares jumped 22% after the CEO of a major crypto exchange took a stake in the retail investing app Thursday.
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