Robinhood

Robinhood Board Gives Nod to Buy Sam Bankman-Fried’s $578M Stake
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Robinhood Board Gives Nod to Buy Sam Bankman-Fried’s $578M Stake

Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company that was bought by former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang last year. Robinhood confirmed in its fourth-quarter report, published Feb. 8, that it had received board approval to buy back the stake. “Our...