Robinhood’s board of directors authorized the company to pursue purchasing most or all of the 55 million shares that a holding company for former FTX execs Sam Bankman-Fried and Gary Wang bought in May 2022. By NelWang
Robinhood’s board of directors authorized the company to pursue purchasing most or all of the 55 million shares that Emergent Fidelity Technologies bought in May 2022, Robinhood said in its fourth-quarter earnings report.
Emergent Fidelity Technologies is the holding company controlled by former FTX executives Sam Bankman-Fried and Gary Wang. Last month, the U.S. Department of JusticeThe ownership of the stock is in dispute as the fraud case against Bankman-Fried continues to unfold.
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