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Did alphabet cut its stake in Robinhood?

Alphabet slashed its stake in Robinhood stock by nearly 90% in the second quarter, SEC filings show. The Google parent cut its stake from about 4.9 million shares to about 612,000. Robinhood is coming off its first-ever profitable quarter as a public company, but is losing active users.

How much does alphabet hold in Robinhood?

Loading... The stakes that Alphabet holds in Robinhood and the other companies listed on the SEC form it filed Friday had a combined total value of $1.86 billion, according to the filing. Alphabet’s market cap stood at roughly $1.62 trillion as of Friday afternoon.

Does alphabet still own Robinhood?

Alphabet still held about 612,000 shares of Robinhood as of June 30. The Google headquarters in Mountain View, California, Jan. 30, 2023. Google parent Alphabet has pared back large positions in multiple publicly traded firms, including the trading platform Robinhood, the gene testing company 23andMe and language learning startup Duolingo.

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