Robinhood hopes to buy back 55 million shares from Sam Bankman-Fried’s Emergent Fidelity Technologies. The trading platform said during its earnings call on Wednesday (Feb. 8) that its board had approved its pursuit of the shares, worth 7.6% of the company. “We believe it will...
It’s a renaissance for non-institutional market participation, and Robinhood wants to capitalize on that environment. The commission-free trading app told investors during its fourth quarter 2022 earnings call Wednesday (Feb. 8) that by targeting customers affected by macroeconomic headwinds with strategic value-add solutions, as well...
The Sam Bankman-Fried-owned business that holds millions of shares in Robinhood has filed for bankruptcy. The bankruptcy filing by Emergent Fidelity Technologies, reported Saturday (Feb. 4) by Bloomberg News, is happening amid a larger court battle over who should own the stock in the wake...
The question of ownership of FTX’s shares of Robinhood stock has become more complicated. FTX founder and former CEO Sam Bankman-Fried (SBF) told a court before he was arrested in the Bahamas that he and FTX co-founder Gary Wang borrowed $546 million from Alameda Research...
September 01, 2023
Online brokerage Robinhood has reached an agreement with the U.S. Marshal Service (USMS) to repurchase shares from Sam Bankman-Fried’s Emergent Fidelity Technologies. The deal, valued at $605.7 million, comes after Robinhood’s shares were seized and transferred to the custody of the U.S. government following the bankruptcy filing of Emergent Fidelity Technologies and Bankman-Fried’s FTX, Reuters reported Friday (Sept. 1). Robinhood disclosed the deal in a filing with the Securities […]
February 09, 2023
Robinhood hopes to buy back 55 million shares from Sam Bankman-Fried’s Emergent Fidelity Technologies. The trading platform said during its earnings call on Wednesday (Feb. 8) that its board had...
February 05, 2023
The Sam Bankman-Fried-owned business that holds millions of shares in Robinhood has filed for bankruptcy. The bankruptcy filing by Emergent Fidelity Technologies, reported Saturday (Feb. 4) by Bloomberg News, is...
December 27, 2022
The question of ownership of FTX’s shares of Robinhood stock has become more complicated. FTX founder and former CEO Sam Bankman-Fried (SBF) told a court before he was arrested in...
