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Robinhood Acquires Crypto Exchange Bitstamp in $200 Million Deal

Trading platform Robinhood expanded its venture into digital assets on Thursday, reaching a deal to acquire crypto exchange Bitstamp. The agreement is worth around $200 million in cash. The acquisition comes in the wake of the Securities and Exchange Commission’s (SEC) intention to sue Robinhood....

Robinhood Stock Jumps After Approval of $1 Billion Stock Repurchase Program

Trading app Robinhood announced on Tuesday that it plans to repurchase as much as $1 billion of its shares as part of an upcoming stock repurchase program. As a result, the company’s shares jumped as much as 6% at one point during the after-hours...

Alphabet Sells Almost 90% of its Stake in Robinhood

Alphabet, the parent company of Google, parted ways with almost 90% of its stake in the trading app Robinhood, according to a recent filing with U.S. Securities and Exchange Commission (SEC). The tech giant also reduced its stakes in several other entities, including biotech...