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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.

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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.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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