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Robinhood stock soars after CEO of crypto exchange FTX takes a stake

·1 min read
Robinhood stock soars after CEO of crypto exchange FTX takes a stake
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Shares of Robinhood Markets Inc. were rocketing in late trading Thursday after a filing revealed that Sam Bankman-Fried, the chief executive of cryptocurrency exchange FTX Trading, has taken a 7.6% stake in the popular trading platform's stock.