Robinhood CFO: Company Spent $664 Million This Year to Buy Back 7.5 Million HOOD Shares

Odaily reported that Robinhood CFO Shiv Verma stated during the earnings call that Robinhood raised $2.2 billion in funding in June, which carries a 0% coupon rate and will not result in any 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 its stock.