Robinhood $HOOD closed down 19% today.
FTX CEO Sam Bankman-Fried has 56,273,469 shares in $HOOD
There’s speculation that Bankman-Fried will have to sell some or all of the 7.6% stake to shore up some personal liquidity.
What are your thoughts?
— Benzinga (@Benzinga) November 8, 2022
Robinhood down 20% as it turns out FTX used monopoly money to buy their stake… $HOOD
— Ross Gerber (@GerberKawasaki) November 8, 2022
Stay on top of crypto news, get daily updates in your inbox.
This article was first published on Decrypt.co