Robinhood purchases State Technologies for $140M to enhance shareholder-company relations
The offer is notable due to the fact that it is Robinhood’s very first major purchase because going public in July, and since it shows where Robinhood may aim to invest some of its freshly liquid equity wealth. You can see how State and Robinhood might fit together. Robinhood has a big user swimming pool of retail financiers who like to trade and invest. By offering to its user base a service like what State has actually built, Robinhood can offer a distinct twist on retail investing. …
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