Friday, August 4, 2023

Google Parent Alphabet Slashes Nearly 90 Percent Stake in Robinhood Markets

Google-parent Alphabet said on Friday it had slashed its stake in Robinhood Markets by nearly 90 percent, days after the trading app said it had turned a profit for the first time as a public company. Robinhood has been struggling to regain its footing after emerging as the breakout financial technology app during the pandemic.

from Gadgets 360 https://ift.tt/4RFqivD
Google-parent Alphabet said on Friday it had slashed its stake in Robinhood Markets by nearly 90 percent, days after the trading app said it had turned a profit for the first time as a public company. Robinhood has been struggling to regain its footing after emerging as the breakout financial technology app during the pandemic.

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