$87,194.00
-1.12%$2,026.03
-2.28%$2.36
-4.27%$635.86
0.56%$137.99
-4.85%$0.999885
-0.00%$0.195183
-4.75%$0.736976
-4.53%$0.233525
1.47%$2,019.87
-2.33%$87,195.00
-0.98%$15.63
-2.08%$3.89
7.06%$22.01
-3.69%$9.77
-0.11%$0.28977
-2.72%$2.74
5.16%$2,430.63
-2.11%$0.00001438
-7.18%$1.00
0.02%$0.191306
-4.30%$94.43
-1.81%$4.62
-2.73%$332.89
-1.58%$6.61
-3.19%$5.03
-0.70%$2,026.34
-2.24%$0.841554
3.69%$0.999196
-0.01%$1.00
-0.00%$14.56
-10.25%$2,154.24
-2.19%$29.15
-0.44%$222.82
-1.70%$6.77
-4.52%$3.00
-1.30%$0.00000852
-6.73%$5.93
-1.47%$1.044
0.08%$49.99
-1.17%$6.05
-4.50%$0.915529
-4.30%$23.49
-1.95%$36.00
0.54%$0.843699
-0.75%$1.16
0.01%$0.101659
-4.21%$184.17
-2.79%$87,264.00
-1.11%$18.15
-2.69%$0.999844
0.19%$0.430448
-0.18%$267.66
-3.57%$11.39
-4.70%$0.02622243
-4.69%$4.84
-2.12%$3.69
-0.12%$3.96
-4.43%$0.23389
-4.57%$0.076318
-4.00%$1.00
0.00%$3.02
-5.74%$0.610997
-3.62%$87,730.00
-0.92%$0.210339
-2.80%$0.383404
-4.41%$4.02
-0.07%$0.999761
-0.04%$0.54436
-5.74%$5.76
-8.22%$0.902332
-2.54%$0.546131
-5.18%$11.33
-0.04%$86,923.00
-1.25%$2,106.51
-2.28%$2,027.22
-2.18%$1,428.28
4.73%$0.49275
-8.79%$1.17
-0.40%$0.64143
-5.68%$0.948029
-2.22%$0.745918
1.31%$76.46
-2.65%$0.070701
-4.12%$143.89
-4.98%$0.00001374
-10.56%$0.999766
-0.00%$0.210934
-2.50%$17.90
3.36%$10.37
-5.84%$0.105812
-2.05%$2,294.13
-2.18%$0.991988
-3.02%$0.99795
0.02%$1.04
-3.70%$0.01456251
-3.76%$8.21
3.08%$0.570888
-3.15%$86,609.00
4.71%$0.999975
-0.04%$0.01838427
-3.50%$2,149.69
-2.25%$636.17
0.62%$0.999499
-0.05%$0.58138
3.40%$0.728025
-2.35%$0.308707
-2.23%$3,050.21
0.44%$0.99977
-0.02%$2.35
-6.27%$0.196478
-4.95%$87,041.00
-0.98%$0.00000071
-2.86%$35.30
-1.26%$2.39
-0.86%$0.00007062
-6.49%$176.71
-4.76%$0.422227
-3.44%$3,060.37
0.98%$0.110319
-1.02%$1.001
0.04%$2,108.65
-2.26%$0.01280457
-4.29%$0.00101784
3.85%$0.169439
-3.78%$38.30
-0.12%$18.02
-2.04%$8.28
3.64%$151.34
-4.73%$2.01
-4.02%$3.23
-6.98%$0.614703
-7.81%$0.565283
-9.26%$0.739193
-2.39%$0.006117
-5.78%$0.999758
0.02%$3.38
-7.02%$19.04
-3.29%$7.57
-5.53%$0.526738
-10.36%$0.999907
0.02%$0.01001929
8.28%$0.279934
-3.44%$0.074513
0.42%$0.473632
-3.47%$0.195062
-4.97%$85,803.00
-1.82%$0.999188
-0.05%$87,161.00
-1.11%$7.41
-1.63%$0.779921
-3.83%$2,149.50
-2.22%$0.73884
-10.33%$0.175521
-4.50%$0.379191
-3.40%$2.93
-0.31%$0.093668
-2.28%$0.999977
-0.02%$2,026.93
-2.14%$0.00812383
1.19%$0.04735528
-5.34%$0.00002258
-3.42%$1.27
-3.73%$0.555009
-4.30%$87,892.00
-0.37%$0.440495
-3.78%$2,026.58
-2.25%$0.00000044
0.74%$0.00681613
-7.35%$2,026.43
-2.33%$25.68
-1.32%$0.515578
-5.32%$1.51
-5.60%$0.233644
-4.84%$110.46
0.01%$0.999052
-0.30%$1.082
0.04%$44.79
-1.92%$0.423136
-5.02%$0.939544
0.86%$1.096
0.32%$87,251.00
-0.89%$2,113.50
-2.22%$0.03711474
-10.68%$2,027.39
-2.09%$1.52
2.01%$2,016.73
-2.89%$0.00006576
-2.79%$0.01085187
-5.08%$3.20
6.96%$0.177432
-8.87%$0.00418694
-2.19%$86,651.00
-1.01%$0.00000173
-10.74%$0.999008
-0.03%$1.39
-1.52%$0.2784
-3.11%$130.55
-2.04%$0.999233
-0.06%$1.00
0.14%$0.283317
-3.95%$1.005
-0.14%$2,008.14
-2.18%$4.03
-2.33%$0.427508
31.46%$0.03138266
1.33%$0.912399
-2.44%$1.28
-5.52%$0.710091
5.44%$0.105444
1.50%$2,027.69
-2.18%$18.29
-1.86%$24.20
-1.53%$0.2141
-2.87%$87,800.00
-0.18%$2,216.58
-2.29%$0.521328
9.60%$2,140.07
-2.35%$0.077746
-5.60%$0.28457
-3.61%$1.16
-5.79%$2.97
-0.68%$0.00274867
0.40%$0.00313535
6.00%$87,151.00
-1.15%$0.00375859
-3.30%$0.03476088
-2.75%$0.121246
-0.90%$0.03974413
-2.82%$0.600599
-0.79%$1.27
-10.02%$2,196.12
-2.38%$0.524781
-0.97%$1.00
-0.05%$0.0056085
-1.37%$0.257944
-10.30%$0.03381225
-3.27%$2,040.71
-1.29%$3,051.60
0.87%$0.124451
-4.26%$0.0127849
-4.83%$0.738478
-2.55%$0.245273
-9.02%$1,751.09
-1.13%$0.00266977
-2.41%$0.612999
-6.37%$0.277852
-3.40%$0.238641
-7.03%Reading
Sam Bankman-Fried, CEO of crypto exchange FTX, has bought a substantial 7.6% stake in stock and crypto trading app Robinhood, according to a filing today with the U.S. Securities and Exchange Commission.
News of the purchase sent Robinhood shares soaring by over 30% in after-hours trading. As of writing, the stock had come back down a bit, to $10.72.
Per the SEC filing, Bankman-Fried bought just over 56 million shares of Robinhood via a firm called Emergent Fidelity Technologies; the stake is currently worth about $600 million.
The investment comes at a time when Robinhood’s fortunes and revenues have been on the decline; just hours before news of Bankman-Fried’s investment in the company, Robinhood shares hit an all-time-low of $7.71.
Episode 1 of the gm podcast: FTX founder and CEO Sam Bankman-Fried joins Dan Roberts and Jeff Roberts for a deep-dive chat on everything from his move to the Bahamas, his sudden crypto fame, what it was like to testify before Congress, where he thinks U.S. crypto regulation is headed, why he's spending so much on sports marketing, and his picks for the 3 most promising blockchains beyond Bitcoin and Ethereum. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
The stock has dropped steadily since hitting $55 shortly after its IPO last July. Since then, company revenues have similarly been on a downswing. Most recently, the company saw an 18% decline in revenue for Q1 2022. Three weeks ago, it laid off 9% of its workforce, citing a global downturn in casual-investment activity as the reason for slowing growth.
And yet the same quarterly report revealed that in one division, Robinhood was actually experiencing an upswing: crypto. While investment in traditional assets faltered, the app saw a 13% increase in cryptocurrency trading revenue in Q1. Robinhood has been steadily expanding its crypto offerings: Last month, it added Solana, Shiba Inu, Polygon, and Compound to the platform.
In his SEC filing, Bankman-Fried stated that he does not have any intention to change or influence Robinhood’s direction, and that he purchased his stake in the company because it “represents an attractive investment.”
Robinhood’s communication team was quick to pick up on the quote, tweeting, “Of course we think it is an attractive investment too.”
Video game retailer GameStop said on Wednesday that it plans to offer up to $1.3 billion worth of convertible senior notes to investors, taking a page straight out of Strategy's Bitcoin-buying playbook. The Texas-based firm said in a press release that proceeds from the sale will be used for "general corporate purposes, including the acquisition of Bitcoin." The announcement comes one day after GameStop said it could purchase Bitcoin as a treasury reserve asset following an update to the company...
Fidelity Digital Assets is actively testing a stablecoin it has developed, a source with direct knowledge of the matter told Decrypt. The crypto-focused arm of Fidelity Investments, a $5 trillion asset manager, does not yet have plans to bring the token to market, the source said. The Financial Times first reported on the Boston-based firm's stablecoin experiment. The firm's testing of its own stablecoin comes as it also explores the tokenized U.S. Treasury market. A few days ago, Fidelity filed...
Cboe has submitted a filing to the U.S. Securities and Exchange Commission that would allow the exchange to list shares of a Fidelity exchange-traded fund tracking the price of Solana. The19b-4 form, filed Tuesday, is a major step in the SEC’s approval process, although Fidelity must still file an S-1 registration statement describing the product. The filing comes just days after Fidelity registered a Delaware Trust entity for its Solana fund, which would be based on the performance of the six...
