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Robinhood Shares up 30% After Crypto Billionaire Discloses 7 6% Stake

Sam Bankman-Fried acquired about 56.3 million shares in Robinhood Markets through his firm, Emergent Fidelity Technologies, according to an SEC filing.

Robinhood Cuts Hundreds of Jobs As Pandemic Trading Wave Wanes

Robinhood grew its workforce too quickly, from 700 people to around 3,800 between 2020 and 2021, CEO Vlad Tenev said.

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