Robinhood Announces Massive Share Buyback Plan

Robinhood Announces Massive Share Buyback Plan Crypto and stock trading platform Robinhood (NASDAQ: $HOOD) announced a $3.25 billion credit facility and plans for a $1.5 billion share repurchase program on Tuesday. Robinhood’s subsidiary, Robinhood Securities, says it secured a $3.25 billion credit facility, with an option that allows the company to increase the total to as much as $4.875 billion. Management noted that the facility is structured to support the company’s rapidly scaling margin book, which ...