Robinhood CFO: Company Spent $664 Million This Year to Repurchase 7.5 Million HOOD

Odaily reports that Robinhood CFO Shiv Verma stated during the earnings call that Robinhood raised $2.2 billion in funding in June, with the financing carrying a 0% coupon rate and causing no net dilution unless the stock price exceeds $300. Additionally, the company has spent $664 million year-to-date to repurchase 7.5 million shares of stock.