Robinhood Aktien sprangen 14%, den Handel gestoppt nom Bericht datt de Krypto-Austausch FTX d'Firma ka kafen

Topline

Shares of popular stock trading app Robinhood surged higher on Monday after reports that billionaire Sam Bankman-Fried’s cryptocurrency exchange, FTX, is considering a deal to buy the company just over a month after he first disclosed a stake.

Schlëssel Fakten

One of the largest crypto trading exchanges in the world, rivaling the likes of Coinbase and Binance, FTX is internally debating how to pursue a full acquisition of Robinhood, Bloomberg als éischt gemellt on Monday, citing people familiar with the matter.

Shares of Robinhood spiked on the news, rising as much as 18% before getting halted for trading shortly at approximately 3:10 p.m. EDT.

The stock held on to most of its gains after trading resumed at 3:15 p.m., still rising by 14% on Monday.

Robinhood has yet to receive a formal takeover offer, while FTX has not made a final decision on whether to pursue the deal and could still opt out, according to Bloomberg.

The report comes just over a month after billionaire Sam Bankman-Fried, the founder and CEO of FTX, first bekanntginn a 7.6% stake in Robinhood worth roughly $650 million, according to regulatory filings.

Bankman-Fried at the time called Robinhood shares “an attractive investment,” causing the stock to soar over 20% in a single day on May 14.

Schlëssel Hannergrond

Shares of Robinhood have largely struggled amid the wider market selloff in the first half of 2022, falling over 50% compared to the S&P 500’s roughly 20% decline. Investors have soured on the stock as the company continues to struggle with depressed user growth on its platform as well as declining trading revenues. Robinhood shares now trade at nearly $10 per share, still a far cry from a record high of $85 per share last August.

Tangent

Cryptocurrencies have been rocked by a massiven Ofsaz this year as investors flee to safer bets amid a backdrop of rising rates, high inflation and looming recession fears. The price of Bitcoin dropped below $20,000 earlier this month amid a handful of crypto firms either halting sales or announcing layoffs.

Grouss Zuel

20.6 Milliarden Dollar. That’s how much Bankman-Fried is wäert ass, entspriechend zu Forbes’ estimates. After launching FTX in 2019, he is now one of the richest people in crypto, with his company reaching a $40 billion valuation at the beginning of 2022.

Weiderliesen

Robinhood deelt Krater No schlechtem Akommes, monatlecht aktive Benotzer falen 10% vun engem Joer (Forbes)

Dem Robinhood seng Probleemer kéinte méi schlëmm ginn wéi Aktien Rekord niddereg Amid Entloossungen a dreemen Trimester Akommes erreecht (Forbes)

Warren Buffett warnt géint Bourse 'Casino' Wéi de Charlie Munger de Robinhood schlëmmt (Forbes)

Robinhood Verloschter Zauber d'Enn vun enger Ära fir jonk Investisseuren, déi ni duerch e Réckgang gehandelt hunn (Forbes)