Robinhood shares surged over 30% after crypto billionaire Sam Bankman-Fried disclosed a 7.6% stake in the trading platform
$3.7 billion in 2021. Its stock, which debuted at $38 a share in July 2021, is down over 70% since its IPO.
Revenue fell 43% in the first quarter of 2022 from a year ago as trading activity fell, the company disclosed inRobinhood share price closed 5.03% higher at $8.56 on Thursday. They were last up about 24% at $10.60 a share in after-hours trade after surging as much as 37% to $11.70.Subscribe to push notifications
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