Robinhood shares soar after FTX chief buys 7.6% stake

Robinhood's share price jumped more than 20% on Friday after it emerged that Sam Bankman-Fried, the CEO of crypto exchange FTX, has acquired a 7.6% stake in the trading app. Emergent Fidelity Technologies, of which Bankman-Fried is the sole director, took a stake worth $648 million in Robinhood, according to an SEC filing.
Read more...

;