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Robinhood Investors File to Sell Nearly 100 Million Shares

By
Kate Clark
· · Source: The Information

Robinhood shareholders including early backers NEA, Ribbit Capital and Index Ventures are selling up to 97.9 million “HOOD” shares one week after the stock-trading app debuted on the Nasdaq, according to a company filing . Shares of Robinhood tumbled as much as 15% to $59 on the news. The company’s stock closed at $70 a share Wednesday after a particularly volatile day of trading that saw...

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From left, Alphabet CEO Sundar Pichai, DeepMind CEO Demis Hassabis and Google Brain chief Jeff Dean. Photos by Getty, Bloomberg
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Alphabet’s Google and DeepMind Pause Grudges, Join Forces to Chase OpenAI
By Jon Victor and Amir Efrati
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