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Google-parent Alphabet dissolved its stake in the trading app Robinhood, selling off its entire holdings during Q3. The company also managed $1.56 billion worth of stock at the end of Q3, and owned almost 2 million shares of Arm Holdings. In August, Google parent sold off 90% of its holdings in Robinhood.
There's an entire generation of venture-backed companies that were essentially arbitrage on Facebook ads. They simply wouldn't work in today's CAC environment.
The stock prices of the big public dating app companies have plunged this year, as online dating lost its luster with Gen Z. https://t.co/EOxgFADBuB
Alphabet dissolves Robinhood stake https://t.co/77jd36A4CI
In August, the Google parent sold off 90% of its holdings in the online brokerage Robinhood. https://t.co/OvfHSXj2Rq
In August, the Google parent sold off 90% of its holdings in the online brokerage Robinhood. https://t.co/FCsy4Z7Owc
Google-parent Alphabet dissolves stake in trading app Robinhood https://t.co/PgTDIn1q7C
$HOOD (+0.0% pre) $GOOG $GOOGL Google-parent Alphabet dissolves stake in trading app Robinhood - Reuters https://t.co/Z9Jy2chqjw
Google-parent Alphabet dissolves stake in trading app Robinhood https://t.co/ew8MUPvBps https://t.co/Is3V2zI22R
Google $GOOGL disclosed that it managed $1.56B worth of stock at the end of Q3 according to its 13F filing Google disclosed that it sold off its entire holdings in $LYFT and Robinhood $HOOD during Q3 Google owned almost 2M shares of Arm Holdings $ARM as of the end of Q3 - MW