Robinhood board gives nod to buy Sam Bankman-Fried’s $578M stake By Cointelegraph

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Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company which was bought by former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang last year.

Robinhood (NASDAQ:) confirmed it got board approval to buy back the stake in its fourth quarter report, which was published on Feb. 8.

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