Robinhood shares spike 30% after Sam Bankman-Fried buys $650M stake

[newshunter]

Robinhood shares spike 30% after Sam Bankman-Fried buys $650M stake

Shares in the popular online brokerage Robinhood have spiked over 30% in after-hours trading following billionaire Sam Bankman-Fried acquiring a 7.6% stake in the company.

Source: Robinhood shares spike 30% after Sam Bankman-Fried buys $650M stake

Would appreciate your opinion about this

[TomPluz]

This can be a big boost for Robinhood at the time when the whole crypto market is being literally fried and when things are not doing well with Coinbase. Despite its past of bad decisions, Robinhood remains to be a very big and important player in the market hence Sam of FTX must have seen its big potential still largely untapped. So good luck and congratulations to its stakeholders.