{"id":83854,"date":"2023-02-09T01:20:19","date_gmt":"2023-02-09T06:20:19","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83854"},"modified":"2023-02-09T00:59:14","modified_gmt":"2023-02-09T05:59:14","slug":"robinhood-board-approves-plan-to-buy-back-sam-bankman-frieds-578-million-stake","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2023\/robinhood-board-approves-plan-to-buy-back-sam-bankman-frieds-578-million-stake.html","title":{"rendered":"Robinhood board approves plan to buy back Sam Bankman-Fried\u2019s $578 million stake"},"content":{"rendered":"\n<p>(CNBC) The board of directors of <a href=\"https:\/\/www.cnbc.com\/quotes\/HOOD\/\">Robinhood<\/a> has approved a plan to buy up to 55 million shares bought by Sam Bankman-Fried last year. The ex-CEO of the now bankrupt crypto exchange FTX <a href=\"https:\/\/www.cnbc.com\/2022\/05\/12\/robinhood-shares-pop-more-than-20percent-after-sam-bankman-fried-buys-7point6percent-stake.html\">originally purchased his stake in May 2022<\/a> through Emergent Fidelity Technologies. The retail brokerage is working with the Department of Justice, which seized the shares in January, to facilitate the move.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/02\/08\/robinhood-plans-to-buy-back-sam-bankman-frieds-578-million-stake.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The board of directors of Robinhood has approved a plan to buy up to 55 million shares bought by Sam Bankman-Fried last year. The ex-CEO of the now bankrupt crypto exchange FTX originally purchased his stake in May 2022 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83854","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83854"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83854\/revisions"}],"predecessor-version":[{"id":83855,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83854\/revisions\/83855"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}