Google dumps more than 90% of its stake in Robinhood

Alphabet, the parent company of Google, has decreased its shares in Robinhood Markets by almost 90%, reducing its exposure to the trading app operator amid a slowdown in business. Alphabet had invested in Robinhood while it was still a startup, and its stake was valued at nearly $419m in August 2021. Following the sale, Alphabet now owns 612,214 shares in Robinhood, worth around $7m.