Google Parent Alphabet Slashes Nearly 90 Percent Stake in Robinhood Markets

Google Parent Alphabet Slashes Nearly 90 Percent Stake in Robinhood Markets

Google-parent Alphabet said on Friday it had slashed its stake in Robinhood Markets by nearly 90 percent, days after the trading app said it had turned a profit for the first time as a public company. Robinhood has been struggling to regain its footing after emerging as the breakout financial…