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TechFlow News — According to a filing submitted to the U.S. Securities and Exchange Commission, FTX founder Sam Bankman-Fried purchased 56 million shares of Robinhood, representing a 7.6% stake, making him the third-largest shareholder in Robinhood. As a result, Robinhood's stock rose 28% in after-hours trading, with SBF's holdings valued at approximately $560 million.
FTX founder Sam Bankman-Fried purchased 56 million shares of Robinhood, representing a 7.6% stake, making him the third-largest shareholder of Robinhood.
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