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Robinhood’s Investor Alphabet Sells Off Final Stake In Trading App

HOOD Alphabet Robinhood Alphabet Inc Robinhood Markets Nasdaq Google Robinhood Markets, Inc.

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), the parent company of Google, said on Monday it had sold all of its remaining shares in Robinhood Markets Inc (NASDAQ:HOOD), the online trading app operator. OMAR MARQUES/GETTY IMAGES

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), the parent company of Google, said on Monday it had sold all of its remaining shares in Robinhood Markets Inc (NASDAQ:HOOD), the online trading app operator.

The tech giant said it had dissolved its stake in Robinhood Markets, according to a report by Reuters. Although Alphabet’s remaining holding amounted to little more than 600,000 – worth around $5M – the divestment followed a major sale in August when it unloaded 90% of its shares in HOOD.

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