Alphabet significantly trimmed the number of Robinhood Markets shares it owns, bringing the total down to around 612,000. It represented a roughly 87.6% reduction.
has in other companies, a few of which changed quarter-over-quarter. Some of the sectors included biotech, tech and financial.An electronic screen at Nasdaq displays Robinhood in New York's Times Square following the company's IPO, Thursday, July 29, 2021.
The retail trading platform said Wednesday it saw 10.8 million monthly active users in the second quarter. That marked a decline from 14 million in the same three-month period last year and from 11.8 million in the first quarter. At the same time, Robinhood "reached a significant milestone by achieving GAAP profitability for the first time as a public company," CEO Vlad Tenev said in the company’s earnings release. It had a quarterly net income of $25 million.
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