Robinhood shares resume trading as Bankman-Fried's FTX explores acquisition deal
Yahoo Finance Live's Seana Smith checks out Robinhood's stock continuing to trade after being halted over crypto executive Sam Bankman-Fried's FTX platform considering an acquistion deal.
Video Transcript
- We're going to get to some breaking news here. Shares of Robinhood are currently halted. Now there's a report out from Bloomberg just moments ago that FTX CEO Sam Bankman-Fried is looking as exploring what it might take to acquire Robinhood. Now he is already one of the top shareholders of Robinhood right now, with a 7.6% stake in the company. Robinhood shares have now begun trading again. You can see it on your screen. The stock up just around 18% on the heels of the news. Still, though, below $10 a share.
