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Robinhood shares jump 14% on report FTX may be exploring a deal

Robinhood shares jump 14% on report FTX may be exploring a deal

A woman holds a smartphone with the Robinhood logo in the background.

Rafael Henrique | Sopa Images | Lightrocket | Getty Images

Robinhood shares jumped on Monday after Bloomberg News reported crypto exchange FTX was considering acquiring the trading app.

The stock soared 14% to its session high and was briefly halted after a report that FTX was discussing a takeover plan internally, but no offer has been made to Robinhood,

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Posted by Editor

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