Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-plugin-hostgator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ol-scrapes domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893
{"id":8788,"date":"2022-06-28T14:45:07","date_gmt":"2022-06-28T14:45:07","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/06\/28\/crypto-exchange-ftx-is-reportedly-looking-into-buying-robinhood\/"},"modified":"2022-06-28T14:45:08","modified_gmt":"2022-06-28T14:45:08","slug":"crypto-exchange-ftx-is-reportedly-looking-into-buying-robinhood","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/06\/28\/crypto-exchange-ftx-is-reportedly-looking-into-buying-robinhood\/","title":{"rendered":"Crypto exchange FTX is reportedly looking into buying Robinhood"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/6\/27\/23185455\/ftx-crypto-exchange-robinhood-acquisition-sam-bankman-fried<\/a>
\n
<\/br><\/code><\/p>\n

\n

Cryptocurrency exchange FTX is reportedly considering an acquisition of the trading platform Robinhood, according to a report from Bloomberg<\/em><\/a>. Sources close to the situation told Bloomberg<\/em> that FTX is still weighing the possibility and hasn\u2019t yet made an offer.<\/p>\n

When asked about the possible buyout, FTX CEO Sam Bankman-Fried stated that the company currently isn\u2019t in the process of trying to acquire Robinhood. \u201cWe are excited about Robinhood\u2019s business prospects and potential ways we could partner with them,\u201d Bankman-Fried said in a statement to Bloomberg<\/em>. \u201cThat being said, there are no active M&A [mergers and acquisitions] conversations with Robinhood.\u201d The Verge<\/em> reached out to FTX with a request for comment but didn\u2019t immediately hear back. Robinhood declined to comment on the story.<\/p>\n

In May, Bankman-Fried disclosed his 7.6 percent stake in Robinhood<\/a>, which was worth about $648 million at the time, according to a 13D Securities and Exchange Commission filing<\/a>. This type of filing<\/a> is used when someone acquires more than 5 percent of a company but could also signal a potential takeover. Robinhood CEO Vlad Tenev<\/a> and CCO Baiju Bhatt<\/a> both own about 8 percent of the company and, as Bloomberg<\/em> notes, control over 50 percent of the company\u2019s voting power. Robinhood shares climbed 12 percent following news about the potential acquisition.<\/p>\n

\n