ARK Invest Boosts Robinhood Stake Amid Trump Accounts
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
ARK Invests recent purchase of $13 million worth of Robinhood shares, following the platforms selection for Trump Accounts, signals confidence in Robinhoods shift towards family finance. The Treasury tapped BNY as financial agent, while Robinhood promises to match the government deposit for employees kids. The move boosts Robinhoods stock price and aligns with a $1.5 billion stock buyback plan, despite slightly lower-than-expected revenue in the latest quarter.
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