Newsgeeker.com news site

Custom


[Markets] Robinhood Spikes 25% After Crypto Billionaire, FTX Owner Buys Stake Robinhood Spikes 25% After Crypto Billionaire, FTX Owner Buys Stake

On an ugly days for crypto, it is perhaps ironic that HOOD shares are soaring after hours following a 13-D Filing that shows billionaire Sam Bankman-Fried - CEO/founder of crypto-exchange FTX - has taken a 7.6% stake in the online brokerage app.

Emergent Fidelity Technologies Ltd, a company whose sole owner is Bankman-Fried reported owning 56 million share in Robinhood

This will make Bankman-Fried the 3rd largest holder of HOOD (behind IA Capital Advisors 9.72% and Galileo PTC Ltd 7.81%) and ahead of Cathie Wood's ARK with 4.08%.

This headline prompted a 25% surge in shares of HOOD - which was languishing at record lows...

With HOOD in play, we can't help but wonder when will the private equity titans with $3.5 trillion in dry powder follow suit and start chasing after bargains

Tyler Durden Thu, 05/12/2022 - 16:48
Published:5/12/2022 3:53:56 PM
Top Searches:
books
FBI
dow
dow jones
obama
books1111111111111' UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45
-1'
NASA
obamacare
Casey

Jobs from Indeed