Google Parent Company Alphabet Dissolves Its Stake in Trading App Robinhood

Google parent Alphabet (GOOG) said on Monday it had dissolved its stake in trading app operator Robinhood Markets (HOOD).

The disclosure comes months after Alphabet slashed its stake in the company by nearly 90%. It had around 612,214 Robinhood shares after that sale.

Alphabet had reportedly invested in Robinhood when the latter was an unlisted startup that had captured the enthusiasm of retail traders with its commission-free trades and easy-to-use interface.

Read the source article at Yahoo Finance